KevinQin.eth
KevinQin.eth|Feb 08, 2025 03:07
Wooden Sister ARK Invest Heavy Report | BTC Expected to Reach $1.5 Million by 2030 On February 5th, ARK Invest, founded by Wood Sister, released its annual "Big Ideas" report. Report from artificial intelligence Ai agents、 Eleven sections, including Bitcoin, public blockchain, robotics, energy storage, and autonomous driving, introduce the current status and important trends of accelerated technological development in the future. The complete content consists of 148 pages. ARK Invest predicts in the Bitcoin section of the report that BTC is expected to reach $1.5 million by 2030. AI agents will bring revolutionary changes in the future. On its first day of listing, the BTC spot ETF attracted over $4 billion in capital inflows, setting a record high since the ETF went public and surpassing the 2012 BTC ETF Market Report released by the US Securities and Exchange Commission. In November 2004, the gold ETF received a first month inflow of $1.2 billion. The inflow of BTC spot ETFs far exceeds the first month inflow of approximately 6000 ETFs issued over the past 30 years. After the fourth halving of BTC, the inflation rate fell below the long-term supply growth of gold. After the fourth "halving" in BTC supply growth history, the annual growth rate decreased from about 1.8% to about 0.9%. The halving is crucial for its design, highlighting BTC's predictable monetary policy and its role as a scarce asset. More and more listed companies hold BTC. Currently, there are 74 listed companies holding BTC on their balance sheets. In the past year, the value on the company's balance sheet has increased fivefold, from $11 billion in 2023 to $55 billion. In 2024, BTC's total cost base reached a new high. BTC's realized capitalization (or cost base) increased by 86% as its average acquisition cost reached a historic high of $40980 per BTC, totaling $811.7 billion. The trading speed and holding behavior of BTC highlight its role as a store of value. In 2024, the trading speed of BTC dropped to its lowest level in 14 years, as the supply of BTC held for three years or longer reached a historical high. BTC is expected to achieve our 2030 price target of $1.5 million/BTC
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