🚨 ARK INVEST DIRECTOR OF RESEARCH
@LorenzoARK ON BITCOIN'S PATH TO 2030:
"We've been tracking Bitcoin since 2015. Its position as a store of value, permissionless money is cemented. I think it's still very, very early in the Bitcoin journey."
ARK's price target:
"In The Big Ideas Report, ARK projects Bitcoin's market cap reaching roughly $16 trillion by 2030. That puts it at about a 63% annual growth rate, implying a price somewhere around $750,000 to $800,000 per coin."
Is the target still intact:
"We're still very, very confident. This asset class is very cyclical. You will have years like this 1 where Bitcoin has been flat to down. But you will see years where there will be exponential growth. On average, in the next 5 years, we still think we're gonna have 50 to 60 plus percent CAGR with an asset like Bitcoin."