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Bitcoin will hit $1 million by 2030
02/05/2023

Bitcoin will hit $1 million by 2030

02/05/2023
4,4

 

ARK Invest believes the value of bitcoin could rise to $1 million by 2030. Despite severe market downturns and other related cryptowinter issues, bitcoin continues to outperform many other asset classes. 

 

Moreover, according to research, bitcoin has the highest long-term holdings, hash rate and addresses with a balance sheet greater than zero. Even with the current challenging market conditions, bitcoin holders are currently focused on long-term fundamentals. The ARK Invest report shows that more than 71% of all circulating bitcoins are held by long-term holders.

 

As for the latest data, bitcoin has surpassed the $20,000 mark and is trading at $23,000. If the digital currency can overcome the resistance, it could be open to further growth in the coming days.


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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

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