Ark Invest Sets Sky-High $3.8 Million Bitcoin Price Target for 2030, Though Massive Upside Seems Unlikely

• Cathie Wood's Ark Invest has raised its Bitcoin price target to $3.8 million by 2030, implying over 5,300% upside • Ark believes institutional investors will eventually allocate over 5% of assets to Bitcoin • The launch of SEC-approved spot Bitcoin ETFs makes investing in crypto easier and more accessible • The iShares Bitcoin ETF from BlackRock has low fees of 0.25% and is worth consideration • Bitcoin has dramatically outperformed other assets, though a price of $3.8 million may be unlikely