Ark Invest has increased its goal of Bitcoin (BTC) by ten years up to $ 2.4 million each after revising its hypotheses on the active offer, which excludes lost or long parts. The largest cryptocurrency by market value recently neglected about $ 94,000.
The Taurus projection figure, 60% more than its January 2024 estimate, reflects an annual growth rate composed of 72% (TCAC) last December at the end of 2030. The basic case estimates a BTC price of $ 1.2 million – a TCAC of 53% – while the Bear case projects $ 500,000, is equivalent to a CAGR of 32%.
David Puell, analyst of the investment company led by Cathie Wood, used a model based on the total addressable market and market penetration projected in several sectors. These include institutional investment, the role of bitcoin as “digital gold”, its use as a paradise on emerging markets, adoption for national cash securities and cash services and chain financial services based on the Bitcoin network.
In November of last year, Puell targeted $ 104,000 at $ 124,000 at the end of the year. Bitcoin ended in December at $ 93,440 on the road to a record summit of $ 109,000 in January before lighting at around $ 74,500 earlier this month.
Since then, the rally has been partly motivated by the drop in exchange sales, which indicates that more BTC has been removed in private wallets, a sign of long -term behavior. According to Glassnode data, the BTC run by exchange increased from around 3 million in November 2024 to 2.6 million, strengthening the growing upper feeling around the cryptocurrency.
