Ark Invest continues to predict a bright future for Bitcoin

Forecasts regarding the future of bitcoin are often surprising, especially given the high volatility of this cryptocurrency. One of the most impressive forecasts is the Ark Invest forecast, according to which BTC will be worth $1 million by 2030. 

Today, when the cryptocurrency market is showing a significant drop, many overly ambitious analysts have changed their forecasts, but not Ark Invest. Katie Wood's group of invest funds continues to persist in insisting on the optimistic future of bitcoin and its achievement of a value of $1 million.

Yassin Elmanjra, an analyst at Ark Investment Management, said in an interview that bitcoin still has significant opportunities. He stressed that, considering the potential of this cryptocurrency, experts share several options for its use – from competition as a digital store of value to a settlement network and an insurance policy against arbitrary seizure of assets.

And if you multiply all the use cases by each other, you can get opportunities in the amount of about $ 28 trillion, which in terms of one bitcoin is more than $1 million.

Ark Invest analysts also suggest considering bitcoin as a strategic asset, an unconverted and censorship-resistant currency competing with central banks and fiat currencies. And in the near future, it will become an asset independent of traditional financial systems and traditional asset classes.