By the end of 2030, digital gold could soar to $2.4 million, driven by increased adoption by institutions and sovereign funds, according to ARK Invest.
We’ve published our bitcoin price forecast through 2030. Read our research from @dpuellARK and share your thoughts.https://t.co/CH7y5EyUjY
— ARK Invest (@ARKInvest) April 24, 2025
Experts have set targets for bearish, base, and bullish scenarios at $500,000, $1.2 million, and $2.4 million, respectively. In the previous review on February 11, these targets were lower—$300,000, $710,000, and $1.5 million, respectively.
The expected average annual growth rates are 32%, 53%, and 72%.
The analysis is based on calculations of the total addressable market (TAM), penetration rate, and the issuance of the first cryptocurrency.
The most significant contribution to the optimistic forecast comes from institutional investors. According to the modeling, Bitcoin’s share in the total capitalization of the $200 trillion financial market will be 6.5%.
In the bullish scenario, the strengthening of the first cryptocurrency as “digital gold” will lead to an increase to 60% of the asset’s total market value relative to that of precious metals.
The third component is Bitcoin’s perception as a “safe haven” in emerging market economies. In this case, the first cryptocurrency could occupy up to 6% of the total portfolio value.
To a lesser extent, the growth of digital gold will be driven by purchases as a reserve asset by states and corporations. Penetration levels in the bullish forecast are expected to be 7% and 10%, respectively.
Bitcoin’s share in DeFi could grow to 60%, but due to a more modest TAM, the impact on quotes will be limited—only 1.9% of the fair value in the optimistic scenario.
At a rate of $2.4 million, the capitalization of the first cryptocurrency would reach $49.2 trillion, surpassing the combined GDP of the US and China at present. In this case, Bitcoin would overtake the main precious metal, whose total market value is $22.5 trillion.
Back in April, former BitMEX CEO Arthur Hayes set $1 million as a target for the digital gold rate. He sees the return of the Fed to economic stimulus as a driver.
Earlier, Standard Chartered confirmed Bitcoin’s target levels—$200,000 by the end of 2025 and $500,000 by the end of 2028.