Market Update

The Ark Invest, led by Cathy Wood, raises the budc price expectations to $ 2.4 million by 2030

Ark Invest Bitcoin raised at the end of the contract (BTCThe target price reaches $ 2.4 million each after reviewing its assumptions on the active supply, which excludes lost or long metal currencies. The largest encrypted currency was traded according to the market value recently about $ 94,000.

Taurus excitement number, 60 % more than January 2024 Estimation72 % annual growth rate (CAGR) reflects last December until the end of 2030. The basis is estimated at the BTC price of $ 1.2 million – by 53 % in an annual compound compound – while the bear can emerge of $ 500,000, equivalent to 32 % CAGR.

David Puell, an analyst for the Cathai Wood investment company, used a model based on the total suspended market and penetration of the expected market in many sectors. These include institutional investment, the role of Bitcoin as “digital gold”, its use as a resort in emerging markets, dependence on the dead in the national state, the corporate treasury and financial services on the Bitcoin series.

In November last year, Boyle It targeted 104,000 dollars -124,000 dollars By the end of the year. Bitcoin ended in December with $ 93,440 on its way to reaching a record of $ 109,000 in January before it reached less than 74,500 dollars earlier this month.

The footnote since then is partially driven by the decline in the exchange balances, and hitting the lowest level in six years, indicating that more BTC is withdrawn to private governors, a sign of Long -term contract behavior. According to Glassnode data, BTC, which dominates Exchange from about 3 million in November 2024, decreased to 2.6 million, which enhances the growing upscale emotions around the cryptocurrency.

Glassnode balance



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