A research team of the American investment management firm ARK Invest envisioned a highly optimistic future for bitcoin. According to them, the price of a single coin could surpass $1,000,000, and the asset’s market capitalization might reach $28.5 trillion by 2030.
Bitcoin to Peak at Over $1 Million
The Nasdaq-listed company ARK Invest, led by Catherine Wood, has been an advocate of the cryptocurrency industry for a while, especially bitcoin. In July last year, the organization purchased 450,000 additional shares of the Grayscale Bitcoin Trust in two days. As of now, the firm holds more than 6.5 million shares of GBTC.
In turn, Cathie Wood – has displayed a pro-bitcoin stance numerous times as well. At the end of last year, she came up with the bold prediction that the leading digital asset could reach $500,000 in five years.
In its most recent research, ARK Invest envisioned even more significant expansion for bitcoin – $1.36 million per single coin by 2030. The team estimated
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