Ark Invest Raises Bitcoin 2030 Bull Market Target Price to $2.4 Million Based on More Aggressive Model Prediction
According to TheBlock, Cathie Wood's Ark Invest has increased its bull market price prediction for Bitcoin from the previous $1.5 million to $2.4 million (target date 2030), based on their latest model. In a report released on Thursday, Ark Invest analyst David Puell stated that the firm’s initial price prediction for the 2030 Bitcoin bull market was approximately $1.5 million. However, after adopting Ark's latest experimental model, the forecast was raised to $2.4 million. The model takes into account the circulating supply of Bitcoin, excluding lost or long-held coins.
The report noted that this bull market price prediction is based on an approximately 72% compound annual growth rate (CAGR) for Bitcoin from the end of 2024 to the end of 2030. Meanwhile, using this more "aggressive" experimental model (which is more progressive compared to Ark's official model), the report predicts Bitcoin's price in the baseline scenario to be $1.2 million (CAGR of 53%) and in the bear market scenario to be $500,000 (CAGR of 32%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
COMEX silver inventory changes daily data for October 6 in the United States
COMEX silver inventory changes in the United States on October 6 - daily (hundred ounces)
APLD reported revenue of 341.9 million USD in the first quarter of fiscal year 2027, up 322%
APLD announced its financial results for the first quarter of fiscal year 2027 with revenue of $341.9 million, marking a 322% increase compared to the same period last year. Service and other income reached $262.8 million, while data center leasing income was $79.1 million.
Solidigm plans to pursue an IPO in the US next year, with a potential maximum valuation of 100 billions dollars.
According to sources, Solidigm, the flash memory business subsidiary under SK Hynix (SKHY.US), has selected Goldman Sachs (GS.US) and Morgan Stanley (MS.US) to manage its US IPO planned for next year. JPMorgan, Citigroup, and UBS have also been invited to participate in the listing. Solidigm could go public as early as 2027, with a potential valuation as high as 100 billions USD. The relevant discussions are ongoing, so specific details might change, and additional banks may also join.
The US Department of Defense plans to offer a $1.5 billion loan commitment to Wolfspeed.
The U.S. Department of Defense has provided Wolfspeed (WOLF.US), a chip manufacturer, with a conditional senior secured loan commitment of up to $1.5 billions for a 30-year term, to support domestic production of silicon carbide materials and wide bandgap power devices. According to deal terms still under negotiation, Wolfspeed will grant the Department of Defense warrants to purchase up to 7.5% of the company’s shares in stages. Last July, Wolfspeed filed for bankruptcy due to production issues at a key silicon carbide wafer manufacturing plant. The company stated that the funds would be used to expand production of silicon carbide materials and power devices for the telecommunications, aerospace, and defense sectors, and to upgrade material supply capability for military communication systems. Following the announcement, Wolfspeed’s stock price surged over 28% after hours.
Crypto prices
More
