ARK Investment Analysts Forecast BTC Will Reach $1M in 8 Years
ARK Investment Management has forecasted that by 2030, the BTC rate will reach $1 million. In addition, the company analysts do not exclude the price may even exceed this psychological mark.
We are witnessing the beginning of the global adoption of Bitcoin by the masses. Should a few states legalize it as a payment method, then the asset would begin to grow a lot faster. According to the forecasts of one of the authors of the report, Yassine Elmandjra, the Bitcoin network will become part of the global payment infrastructure in the near future.
As a result, the crypto will be used along with the leading fiat currencies. ARK Investment has said that the volume of transactions involving Bitcoin increased by 463% last year. The annual volume of settlements in BTC even surpassed the amount of payments processed by payments company Visa.
