Can BTC Price Break $1 Million? Cathie Wood’s Ark Invest Thinks So

Ark Invest has its sights on a bullish outlook for Bitcoin (BTC) in its new price forecast for 2030. In upbeat fashion, Bitcoin ETFs have pulled in $2.65 billion in inflows over the last week as optimism runs high in the ecosystem.

Ark Invest Predicts Bitcoin Price To Cross $1 Million By 2030

Cathie Wood’s Ark Invest has updated its Bitcoin price target for 2030, tipping the largest cryptocurrency to soar to new highs. According to ARK’s Big Ideas 2025 report, a worst-case scenario will leave BTC trading at $300,000 by the end of the decade.

Ark Invest predicts a base case of at least $710,000 per BTC in 2030 and a bullish projection of $1.5 million for a single Bitcoin.

Per the report, Ark Invest is hinging its prediction on a swathe of factors while taking into cognizance Bitcoin’s deterministic issuance schedule. With Bitcoin supply reaching 20.5 million units by the decade’s end and nearing its supply cap of 21 million, Ark Invest maintains an upbeat stance for the BTC price.

The report taps institutional investors via Bitcoin spot ETFs to be the largest growth driver over the next five years. Furthermore, Bitcoin’s status as digital gold will attract a new wave of investors given its “transparent store-of-value” nature in comparison to gold. The report tips an avalanche of investors from emerging markets turning to BTC to shield their assets from inflation and devaluation to fuel a sustained rally.

Other factors backing Ark Invest’s prediction include the incoming rise of nation-state and corporate treasuries. Sweden is tinkering with including Bitcoin into its foreign reserves. Bitcoin maxi Samson Mow is calling for a Japanese Strategic Bitcoin Reserve.

Bitcoin ETFs Record $2.65 Billion In Inflows As BTC Price Crosses $95k

While the Bitcoin price performance by Ark Invest is considerably bullish in the long term, short-term metrics are nothing short of impressive. Over the last seven days, Bitcoin spot ETFs have attracted $2.65 billion in inflows after a small blip in activity in early April.

Per the latest data, BlackRock’s IBIT pulled in the biggest funds with impressive daily inflows, closely followed by Fidelity’s FBTC. The gains follow Michael Saylor’s prediction that BlackRock’s IBIT will be the largest Bitcoin ETF after 2030.

The surge in Bitcoin ETF metrics comes on the heels of impressive price performance for the largest cryptocurrency. Bitcoin has staged a strong comeback to trade at $94K, gaining nearly 12% over the last week. Bitcoin price flashed brilliance as China bolstered its gold holdings, triggering optimism for a rally to reclaim $100K.