🚀ARK Invest analyst: Bitcoin price could hit $124,000 by the end of the year
ARK Invest research assistant David Puell revealed at Cyberwarcon that he believes Bitcoin could soar to between $104,000 and $124,000 by January 1, 2025! He also added that this is not investment advice, but an analysis based on market trends.
Puell also mentioned that we may be in the middle of a bull market, and there may be 55% to 65% distance from the end of the bull market. He also boldly predicted that in the best case scenario, by 2030, the price of Bitcoin is expected to reach $1.5 million!
ARK CEO Cathie Wood also supports this view. Earlier this year, she said that despite market volatility, her views on the future of Bitcoin have not changed.
Earlier this year, she also said that by 2030, Bitcoin will rise to $258,500 in a "bear case," $682,800 in a "base case," and as much as $1.5 million in a "bull case"!
Wood also mentioned that Bitcoin is still a good investment option now. She used Bitcoin's historical performance in halving cycles to support her point, saying that Bitcoin's upward momentum will continue as inflation decreases and halving events reduce supply.
💬 What do you think of this prediction? Do you believe that Bitcoin can hit $124,000 before the end of the year? Or what do you think of the 2030 prediction? Share your thoughts in the comments!
