Ark Invest: Bitcoin is entering an institutionalized and low volatility cycle, and it is still expected to rise to at least $300000 by 2030 BlockBeats News: On January 15th, according to CoinDesk, Ark Invest analyst and portfolio manager David Puell stated that the next phase of Bitcoin will no longer primarily depend on whether investors "believe" in the asset, but more on how much exposure they are willing to allocate and through which investment tools they participate. With the launch of spot Bitcoin ETFs in 2024 and the rapid development of digital asset treasury strategies, Bitcoin has crossed an important threshold and entered the stage of institutional maturity. The combined holdings of ETFs and digital asset treasuries account for about 12% of the total supply of Bitcoin, far exceeding expectations and becoming one of the main driving factors affecting price trends in 2025. This trend may continue until 2026. As ETFs and corporate treasuries absorb more Bitcoin than expected, the market is entering a more institutionalized and less volatile phase. Ark Invest still maintains confidence in its long-term valuation framework for Bitcoin. According to Ark's published valuation model, its prediction for the price of Bitcoin in 2030 is that it will reach approximately $300000 in a bear market scenario, $710000 in a benchmark scenario, and $1.5 million in a bull market scenario. David Puell stated that driven by the narrative of "digital gold" and institutional adoption, the company still expects Bitcoin to reach between $300000 and $1.5 million by 2030. David Puell stated that as volatility decreases and drawdown amplitude narrows, Bitcoin may become increasingly attractive to investors with lower risk appetite in the next cycle.