Institutional demand to drive bitcoin market cap to $16 trillion by 2030: Ark Invest
Ark Invest projects bitcoin's market cap will surge to $16 trillion by 2030, driven by institutional adoption via ETFs, corporate treasuries, and sovereign holdings. The forecast implies bitcoin could reach $730,000 per coin, capturing roughly 40% of gold's market value as "digital gold." Institutional ownership of bitcoin already stands at 12% of total supply, signaling mainstream acceptance.
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Bitcoin bounces as big tech earnings fuel optimism; short-term pressures remain
Bitcoin rallied to $77,400 on strong U.S. tech earnings, signaling renewed risk appetite. However, analysts caution short-term headwinds persist: reduced rate-cut expectations, $400 million in spot Bitcoin ETF outflows, and geopolitical tensions around oil and the Strait of Hormuz. The $80,000 resistance level remains critical for conviction. Indian crypto traders should monitor Fed policy shifts closely.