Bitcoin base case target on 2030 is $682,800 according to Ark Invest

ajiz138

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Quote from: taufik123 on October 18, 2023, 05:41:38 PM

The closest is my prediction that Bitcoin will reach a new ATH at $100k LOL.

Even at $100K we are in the same boat. LOL

Quote from: taufik123 on October 18, 2023, 05:41:38 PM

This is the FOMO that crypto officials or activists continue to do, the FOMO that continues to appear indicates that Bitcoin will be bullish.
But this still doesn't make sense.

Well this is the FOMO created by the officials, it seems that they believe in bullishness, as for us as a retail investment is looking forward to it.
Cheesy

Quote from: taufik123 on October 18, 2023, 05:41:38 PM

We'll take another look at some of the wild predictions that have emerged from important figures in crypto.
Is this just the beginning of the Big Bullish that will happen to Bitcoin?
Are you also ready with your bags that you have filled with Bitcoin and other cryptos?

It will keep coming and believe me.
I say Big Bullish end 2024. People assume more than that.
My bag is full of bitcoin, for now crypto is still a bit on the sidelines, just for some other purposes not investment.

el kaka22

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I would say it would not be really unrealistic to say 682k for 2030, that seems like a quite good deal to me. I am not saying that it will not be able to reach that, nor would I say that it would be much bigger than that, I think that would basically be what it is.

I get that it may look giant right now and feels like we may not reach it, but calculate how many times higher than it is, if we take like lets say we are at 30k right now, that would be a bit above 20x, and reaching 20-25x in about 6 years wouldn't be that much of a big deal. That is also 2 halvings away, so we are going to end up being probably near 100k next year anyway or the year after that, I have a feeling that 100k by 2025 is not impossible and that means it would just leave about 6x left for another whole 5 years, with another halving in it as well. I think that should not be impossible to reach, we go up with the price anyway and we should be thinking that this is quite possible.

Pierre 2

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250k dollars will be nothing like 250k of 2010s so I believe that guess is very safe one. I am expecting corporate investors of Bitcoin to increase over years as well. I believe 680k is very exeggarated but I think with right moves from Bitcoin community we can convince more money from traditional markets to join cryptomarkets. Its cool that we are early investors in this still even in 2023.

adultcrypto

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Quote from: Lucius on October 15, 2023, 06:25:17 AM

Every year they make a new report, but they still don't say anything new except for repeating worn-out phrases and trying to cause FOMO. In addition, when I see that someone is speculating about the price of BTC and also gives a specific price that is not rounded for some reason, it convinces me even more that they are pulling these numbers out of a hat, and not from some serious analysis.

https://bitcointalksearch.org/topic/cathie-wood-says-1-btc-1m-by-2030-how-possible-5422764
https://bitcointalksearch.org/topic/--5389589

The reality is that such prediction, even though as hilarious as they may seem, actually make Bitcoin remain in the news and that is good for Bitcoin. Don't be surprise that there are people who were never in Bitcoin but will join seeing this news. Don't forget that the market is heavily influenced by news so let the world here what they want to hear and let the market either make it right or wrong.

boyptc

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Quote from: bbc.reporter on October 14, 2023, 11:53:33 PM

I reckon. However, Ark Invest's bullish case price target should be backed by eating a human organ on national television by the CEO hehehehe.

RIP to John though.

IIRC, Ark Invest has always been bullish and they've got a huge holdings in Bitcoin and that makes sense to hear and see Kathy gives bullish predictions and that's why we can always count on her to tell such huge speculations on the market.

I am not against her but we have to get closer to these real numbers before that gives me that hope. I'm bullish as well I am depending on the actual numbers that we see ATM.

Captain Corporate

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These people are talking about way too ahead of time, I do not fully understand why talk about 2030 right now. I get it, long term investment is a thing and I personally do it too, I keep bitcoin as long as I possibly could, not much these days but I try my best and do as well as I could, and yet even with that knowledge I still care about what the peak will be in 2024 before I start thinking about 2025, let alone 2030. Who cares what it will be in 2030 if you are not going to hold it next year, you need to first consider about next year so that you could be able to hold it, if you say that no matter what happens you can hold it all throughout the 2024 year, then you can start thinking about 2025, you need to say "will hold" to every single year until 2030 before you can think about that.

Onyeeze

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I have not seen any signs that bitcoin price will increase or bitcoin price will get hundreds thousands tomorrow or since the beginning of this year, I don't believe the price of bitcoin increasing to such extent, because I know quite well that bitcoin until this year ends the price will not be above thirty two thousands in price and if the price is above thirty two thousand it will still come back to that particular point, so what I want you to understand that Bitcoin price get increased because of rumours of the market and influencers of bitcoin price

Greyhats

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Quote from: taufik123 on October 18, 2023, 05:41:38 PM

Quote from: ajiz138 on October 15, 2023, 09:42:41 AM

-snip-
Which of them is the closest? Of course this prediction is still too far away, we are now looking from one side for the next cycle in 2024 and in 2025 which will be more speculation said with their expectations maybe they will tell the truth, while some readers seeing this news will think it is a little wild.

The closest is my prediction that Bitcoin will reach a new ATH at $100k LOL.

Is this just the beginning of the Big Bullish that will happen to Bitcoin?
Are you also ready with your bags that you have filled with Bitcoin and other cryptos?

I think common guess is 100k, but the problem I have with it is that if you compare 69k$ value in 2021 to projected $value in 2025 pure inflation dollar value will be somewhere in the region of 79-88k$(4% annual inflation, variance +/-1%). 10-20% price appreciation sounds a bit bearish(likely). I wonder how many people will sell between 69k - 88k proclaiming profit but in actuality losing money

taufik123

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Quote from: ajiz138 on October 15, 2023, 09:42:41 AM

-snip-
Which of them is the closest? Of course this prediction is still too far away, we are now looking from one side for the next cycle in 2024 and in 2025 which will be more speculation said with their expectations maybe they will tell the truth, while some readers seeing this news will think it is a little wild.

The closest is my prediction that Bitcoin will reach a new ATH at $100k LOL.

It seems that now the wild predictions keep coming, from Michael Saylor with a prediction of $5 million someday, then Arthur Hayes, founder and former CEO of Bitmex who predicts Bitcoin could reach $750k to $1 million dollars.
and now it's Ark Invest's turn to say Bitcoin will reach a price of $682,800 by 2030.

This is the FOMO that crypto officials or activists continue to do, the FOMO that continues to appear indicates that Bitcoin will be bullish.
But this still doesn't make sense.

We'll take another look at some of the wild predictions that have emerged from important figures in crypto.
Is this just the beginning of the Big Bullish that will happen to Bitcoin?
Are you also ready with your bags that you have filled with Bitcoin and other cryptos?

gunhell16

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2030 is still far away; the halving next year hasn't even happened yet. That's what we're going to talk about right away. Let's go to the most close and realistic discussion. That's very early hype. Although it's not bad to talk about what will happen because it's like mind conditioning that is being done, that should be the mindset of the bitcoin community in this business industry.

Now, compared to what M. Saylor's prediction said that is closer to the truth than the $5 million each bitcoin that he said is far from the truth. Maybe for now, let's wait, observe, or be critical of the market movement in the crypto industry.

goaldigger

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Quote from: mk4 on October 15, 2023, 10:23:13 PM

I'm very bullish on bitcoin in the long term, but Ark Invest did horribly with their tech portfolio that I don't know if their thesis should be taken seriously. They pretty much became a laughing stock after butchering a lot of their stock picks.

That’s actually the problem with their prediction, their reputation seems not that good.
Bitcoin is doing good right now though and I’m also bullish about it, I just can’t imagine for the price to reach it in just a short period of time. Well, let’s see if Ark Invest is correct about their research and studies, anything can happen though with Bitcoin so better to be ready always.

milewilda

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Quote from: Fundamentals Of on October 15, 2023, 10:38:13 PM

Quote from: Poker Player on October 15, 2023, 09:45:13 PM

Quote from: Fundamentals Of on October 15, 2023, 08:38:11 PM

These mega-bullish predictions aren't new from these crypto personalities. Credits for Cathie Wood for building a respectable investment management company, but her predictions on Bitcoin don't sound practical or realistic to me. Of course she probably means it that way to stoke a certain level FOMO among investors. Who knows, it could become a self-fulfilling prophecy, but I don't see this as a great way for Bitcoin to grow. Well, see you 7 years from now.

Of course, the problem with the prediction is that whoever makes it has an economic interest in it being so, even though they will have done their research and put in three scenarios to reinforce the appearance of objectivity. I guess it doesn't say anything to us on the forum, but I think that predictions of this style attract retail investors, especially in bull markets, when many of them come to the fore.

Like them, we too have our own selfish economic interests in the rise of Bitcoin, but I think many of us here aren't that unrealistic when it comes to making predictions. I notice that we're a little more tamed here. We aren't McAfees, Balajis, and Cathie Woods here.

Yes I agree that this kind of bullish predictions from popular financial figures can attract retail investors especially when the market seems to be moving accordingly. It's wrong of course because the best time to invest is when the markets are down and red, but this a very common tendency among retail investors.

When it comes to numbers then sky is the limit, everyone could really make out their own predictions without minding neither its already that unrealistic.
We've seen couple of peronsalities,institutions,companies sharing up their $1M insight towards price.

https://www.newsbtc.com/news/bitcoin/bitcoin-1000000-timeline/
https://www.forbes.com/advisor/in/investing/cryptocurrency/bitcoin-prediction/
https://cryptoticker.io/en/michael-saylor-bitcoin-prediction-btc-price-will-reach-10-million/#google_vignette

And adding this one which these predictions are indeed that non realistic. For newbies out there then it would not really be that right on making yourself that
getting fomo with these predictions. Always stick on something which is realistic and something attainable because if you do make yourself that anticipating with those high
numbers but you've been able to face up way too far then this is where frustation and disappointment would really be kicking in.

Greyhats

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Its interesting I did a silimar analysis a few months ago, and I picked the bearish case price as my happy price target for that 2029/2030 cycle ATH. Mine came in a bit lower at 205k. If it gets there I would be more than happy. If it goes to the v bullish side prediction I would be over the moon.

I was kind of thinking do we pick more conservative numbers/goals/results so when they get smashed the physiological feeling of accomplishment is greater/easily attained. "Oh i totally got a D in that exam. Gets results and got a B"

Fundamentals Of

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Quote from: Poker Player on October 15, 2023, 09:45:13 PM

Quote from: Fundamentals Of on October 15, 2023, 08:38:11 PM

These mega-bullish predictions aren't new from these crypto personalities. Credits for Cathie Wood for building a respectable investment management company, but her predictions on Bitcoin don't sound practical or realistic to me. Of course she probably means it that way to stoke a certain level FOMO among investors. Who knows, it could become a self-fulfilling prophecy, but I don't see this as a great way for Bitcoin to grow. Well, see you 7 years from now.

Of course, the problem with the prediction is that whoever makes it has an economic interest in it being so, even though they will have done their research and put in three scenarios to reinforce the appearance of objectivity. I guess it doesn't say anything to us on the forum, but I think that predictions of this style attract retail investors, especially in bull markets, when many of them come to the fore.

Like them, we too have our own selfish economic interests in the rise of Bitcoin, but I think many of us here aren't that unrealistic when it comes to making predictions. I notice that we're a little more tamed here. We aren't McAfees, Balajis, and Cathie Woods here.

Yes I agree that this kind of bullish predictions from popular financial figures can attract retail investors especially when the market seems to be moving accordingly. It's wrong of course because the best time to invest is when the markets are down and red, but this a very common tendency among retail investors.

mk4

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I'm very bullish on bitcoin in the long term, but Ark Invest did horribly with their tech portfolio that I don't know if their thesis should be taken seriously. They pretty much became a laughing stock after butchering a lot of their stock picks.

Poker Player

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Quote from: Fundamentals Of on October 15, 2023, 08:38:11 PM

These mega-bullish predictions aren't new from these crypto personalities. Credits for Cathie Wood for building a respectable investment management company, but her predictions on Bitcoin don't sound practical or realistic to me. Of course she probably means it that way to stoke a certain level FOMO among investors. Who knows, it could become a self-fulfilling prophecy, but I don't see this as a great way for Bitcoin to grow. Well, see you 7 years from now.

Of course, the problem with the prediction is that whoever makes it has an economic interest in it being so, even though they will have done their research and put in three scenarios to reinforce the appearance of objectivity. I guess it doesn't say anything to us on the forum, but I think that predictions of this style attract retail investors, especially in bull markets, when many of them come to the fore.

bitzizzix

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Many experts predict that the price of Bitcoin will reach very high prices in the future or in the next few years, but this is only a prediction that is not necessarily accurate according to its predicted value.
And what we need to know is that there are many factors that we cannot know beforehand that can influence the price of Bitcoin so that it does not match expectations, which does not mean that the price of Bitcoin will not rise. It's just that it hasn't reached the target they predicted.
However, the fantastic predictions of experts are able to motivate investors, especially new investors. Because fantastic price predictions in the future or the next few years make them tempted to jump into Bitcoin, and they must know that Bitcoin is a very promising long-term investment, not because of expert predictions.

Fundamentals Of

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These mega-bullish predictions aren't new from these crypto personalities. Credits for Cathie Wood for building a respectable investment management company, but her predictions on Bitcoin don't sound practical or realistic to me. Of course she probably means it that way to stoke a certain level FOMO among investors. Who knows, it could become a self-fulfilling prophecy, but I don't see this as a great way for Bitcoin to grow. Well, see you 7 years from now.

AmoreJaz

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Quote from: Nrcewker on October 15, 2023, 11:36:38 AM

We have more than 5+ years left for 2030 now. So I think it’s completely useless to predict for that time from now on. Yes you can estimate that the coin will go up in price in future, but thinking of 2030 is still a lot. We might see 2 bull runs in the between if I am not wrong. And many things can happen in these. We might see Bitcoins crossing more than the amount mentioned above or Bitcoins collapsing. So consider and predict for 2024 first. Let’s hope for the best.

such waiting time is like forever when you are talking about crypto market, so yeah, that prediction may be useless but if nothing else, it can give positive vibes to this community.
no matter what position or influence they have, they are merely giving their own opinion and as such same with any other predictions out there. as said, take her prediction as a grain of salt. no expert or self-proclaimed one can truly provide what will exactly happen in the future.

Jegileman

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This prediction is one of a kind I have come across about bitcoin. The price is exorbitant in comparison to what we currently have. We would have seen a halving of the expected price before it was reached, but it is still not persuasive enough to make this prediction real or even close to it. I'll just assume that this is one of many predictions analysts make regarding bitcoin prices in the years to come.

Nrcewker

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We have more than 5+ years left for 2030 now. So I think it’s completely useless to predict for that time from now on. Yes you can estimate that the coin will go up in price in future, but thinking of 2030 is still a lot. We might see 2 bull runs in the between if I am not wrong. And many things can happen in these. We might see Bitcoins crossing more than the amount mentioned above or Bitcoins collapsing. So consider and predict for 2024 first. Let’s hope for the best.

OgNasty

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All the fund managers and their high flying price predictions. Sure, it would be great for them if Bitcoin saw such massive price increases and I think part of the reason they make these statements is to try and get other fund managers to join them and help fulfill the prophecy. Will they be successful? We will find out in the near future.

ajiz138

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The reality is that too many speak above the average price, perhaps they are analyzing the truth?
It's not just one or two more speculations coming in with high numbers I wouldn't be surprised because the reality is they will be making waves with FOMO again for years to come, if Michael Saylor says it's unrealistic then it's true but basically 2030 is still very much for us to see and what the prices and capitalists will be at that time.

Which of them is the closest? Of course this prediction is still too far away, we are now looking from one side for the next cycle in 2024 and in 2025 which will be more speculation said with their expectations maybe they will tell the truth, while some readers seeing this news will think it is a little wild.

Lucius

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Every year they make a new report, but they still don't say anything new except for repeating worn-out phrases and trying to cause FOMO. In addition, when I see that someone is speculating about the price of BTC and also gives a specific price that is not rounded for some reason, it convinces me even more that they are pulling these numbers out of a hat, and not from some serious analysis.

https://bitcointalksearch.org/topic/cathie-wood-says-1-btc-1m-by-2030-how-possible-5422764
https://bitcointalksearch.org/topic/--5389589

Don Pedro Dinero

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Very nice and I hope so, if possible the bullish scenario of 1.48 million but the truth is that Cathie has no fucking idea what bitcoin will be worth in 2030, so I take this prediction as any other. The price of bitcoin will continue to grow both because it will be increasingly appreciated and because fiat currencies will continue to devalue, but getting the exact figures right 7 years out is very difficult no matter what data you analyse or what predictive model you use.

bbc.reporter

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This report did not only mention a base case price target of $682,800 on 2030 for bitcoin, it also mentioned a bearish case target of $258,500 and a bullish case price target of $1.48 million.

This prediction might be more closer to occur in reality than Michael Saylor's prediction, I reckon. However, Ark Invest's bullish case price target should be backed by eating a human organ on national television by the CEO hehehehe.

CEO of Ark Invest Cathie Wood

Source https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/Big_Ideas/ARK%20Invest_Presentation_Big%20Ideas%202023_FINAL_V2.pdf

Topic: Bitcoin base case target on 2030 is $682,800 according to Ark Invest (Read 241 times)