ARK Invest led by Cathie Wood now sees a bold future for Bitcoin forecasting a possible surge to $2.4 million by 2030. The firm’s latest report outlines three scenarios with a bearish target of $300000 a base case of $710000 and a bullish outlook above $1.5 million.

The most optimistic estimate accounts for lost supply and rapid growth in on-chain financial services. If these services grow at 60 percent annually Bitcoin’s value could skyrocket to $2.4 million. Institutional investment is expected to play the biggest role making up over 43 percent of future value if Bitcoin captures just 6.5 percent of the global investable assets.

ARK highlights that even a small 2.5 percent adoption of Bitcoin in emerging markets could support its $710000 base case. The firm also emphasizes potential growth in layer-2 technologies and tokenized BTC. Despite market volatility ARK continues to position Bitcoin as a powerful long-term investment opportunity.

Report 

ARK Invest has significantly revised its long-term outlook for Bitcoin, now projecting a bull case price target of approximately $2.4 million by 2030. The report lays out a comprehensive modeling framework based on Bitcoin’s total addressable market (TAM) potential, adoption trends, and assumptions around supply dynamics.

The updated target represents a compound annual growth rate (CAGR) of ~72% between December 31, 2024 and December 31, 2030. In comparison, ARK’s base and bear case estimates stand at $1.2 million (CAGR ~53%) and $500,000 (CAGR ~32%), respectively.

Image via ARK Invest

“Institutional investment contributes the most to our bull case,” the report notes,…

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Builder: Yuval Kogman (nothingmuch)

Language(s): Rust, C#, Go, Python

Contribute(s/ed) To: rust-payjoin, WabiSabi/Wasabi 2.0, General Privacy Research

Work(s/ed) At: Spiral (currently), zkSNACKS (formerly)

Yuval had an interest in subjects related to Bitcoin far before it was actually birthed into the world. A lifetime software developer and technology enthusiast, as well as a general purpose autist, he first became interested in cryptographic technology around 2002. 

His father attended a talk by Adi Shamir, the famous cryptographer who co-invented the RSA signature scheme, on ecash. A father-son conversation later and Yuval was now aware of linkable ring signatures, the…

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In the beginning of April at the MIT Bitcoin Expo I was able to sit down with Jameson Lopp to discuss the current state of and future of Bitcoin. 

Jameson co-founded Casa, a multisig self-custody service, with Jeremy Welch in 2017 after a long stint as a software engineer at Bitgo, another multisig service based company. He has been involved in the Bitcoin space since 2012 as a software developer and independent researcher. 

Lopp is famously known for a swatting incident in 2017 during the blocksize wars, where someone attempted to have the police storm into his home under the mistaken belief that Jameson was holding hostages. After that incident he went completely off grid,…

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ruya the UAE digital first Islamic bank now lets customers buy Bitcoin and other virtual assets straight from its app. The bank partners with Fuze a licensed virtual asset platform to ensure full Shariah compliance.

This move signals support for crypto across the Gulf. UAE users moved more than thirty billion dollars in digital assets in the year to June 2024 which was a forty two percent jump over the previous year. Analysts say the service could draw a new wave of ethical investors who want halal exposure to Bitcoin.

ruya says its platform focuses on long term growth not quick trading. Customers can visit community centres or call hybrid advisers for clear guidance on virtual assets. Crypto fans hail the launch as another win for decentralised finance and expect more Islamic banks to follow soon.

Source

In a landmark development for Islamic finance and digital banking, ruya (رويا), the UAE’s digital-first Islamic bank, has become the first Islamic bank globally to offer customers direct access to virtual asset investments, including Bitcoin, through its mobile app, according to an announcement.

The new service is made possible through a strategic partnership with Fuze, a licensed leader in virtual asset infrastructure. Together, ruya and Fuze aim to provide a secure and ethical entry point into the digital economy, with services that are fully Shari’ah-compliant and aligned with the principles of Islamic finance.

“At ruya, we are committed to transforming the…

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