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Ark Invest, a fund management company, has sharply raised its price forecasts for Bitcoin, predicting the cryptocurrency may reach $2.4 million at the end of 2030 in its most bullish scenario.
The new target, set in an April 24 report by research analyst David Puell, is a massive increase from the firm’s former bull case target of $1.5 million.
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Institutional Money Set To Fuel Growth
Large financial institutions will be the biggest driver of Bitcoin’s future price growth, as per the report of ARK. In the best-case scenario, estimates the firm, Bitcoin can grab 6.5% of the $200 trillion non-gold global financial market. This institutional adoption is the backbone of ARK’s
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