ARK Invest, a leading asset management firm, has updated its price forecasts for Bitcoin, projecting significant growth by the end of 2030.
Increased Price Forecasts for Bitcoin
ARK Invest has presented updated projections for Bitcoin’s price, suggesting it could reach $2.4 million per coin by 2030. Based on growing institutional interest and Bitcoin’s fixed supply nature, the firm has raised its base and bear case projections to $1.2 million and $500,000 respectively.
Record Bitcoin Withdrawals from Exchanges
A sharp decline in Bitcoin reserves on exchanges signals a shift towards long-term holding. Reports indicate that Bitcoin reserves on exchanges have fallen to their lowest levels since November 2018, largely attributed to public companies aggressively accumulating Bitcoin during this period.
Italy Honors Satoshi Nakamoto with Monument
The town of Fornelli in Italy announced plans to unveil a monument honoring Satoshi Nakamoto, the creator of Bitcoin. The monument is expected to be unveiled on May 1 and symbolizes the town's distinction for high Bitcoin adoption.
ARK Invest's projections and trends in long-term investment and honoring Satoshi Nakamoto underscore the increasing significance of Bitcoin as a digital asset.
