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1973: ARK Invest Ups Its 2030 Bitcoin Bull Case Prediction to $2.4M Per Coin
00:31:50
Billion-dollar asset manager ARK Invest has raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030.
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- [00:01]
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- [00:22]
Crypto Analyst
Welcome Bitcoin fam to number one daily Bitcoin show. That's right. In today's show, I'll be breaking down the latest bitcoin technical analysis and sharing five Bitcoin charts predicting Bitcoin price rally towards $100,000 by this May. We'll also be discussing dinner with the President Whales go crazy as the Trump coin skyrockets off the back of the news. The largest huddlers of the coin get to meet the President for an alleged dinner. Max Kaiser says Trump Coin is going to zero against bitcoin. Trump doesn't know that the meme coins actually accelerate inflation. We'll also be discussing US Banks are free to begin supporting the bitty according to Michael Sailor as well as sailor, holding 10 bitcoin won't threaten the protocol according to Siphon Amas, author of the Bitcoin Standard. We'll also be discussing China may be shifting from US Treasuries towards gold and this is according to the Black Rock executive and also a shift towards crypto as bitcoin is digital gold. We'll also be discussing ark invest up since 22030 bitcoin bull case scenario to 2.4 million per coin. I'll be breaking down the latest Arc Invest update. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good Crypto fam. This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts.net again that's crypto news alerts.net so without further ado, let's dive into our TA and we'll pull up some of the live charts. I got some bullishness to share with you here, which I'm excited to share. Headline here today reads five Bitcoin charts predicting 100,000 price rally towards 100,000 by May. And considering May is less than a week away as we're approaching the top of the month here in April, so send it. Let's break her down, shall we? Excuse me. So yeah, the Bitcoin daily chart Formed a textbook double bottom confirming a breakout above the neckline resistance of 876. The structure projection measured move to 1,500 or above. Momentum indicators are like the RSI supporting the thesis, staying in bullish territory with more room to expand. Meanwhile the 50 and day exponential moving averages have flipped into support offering additional tailwinds. Also we have a bull pennant setup eyeing six figures on the hourly time frame. And like I said, shortly we'll be pulling up all these live charts. But you can clearly see the bull pennant target sitting just above 100,000. I should say just shy of 101, so only a matter of time before we recapture it. Also we have the bitcoin falling wedge breakout targeting 102. So as far as the three day charts it compelled the falling wedge breakout with a price resistance of 94 000, moving closer to 102, 270. And I'll give you another bullish one. The Banan heat map shows liquidity magnet also at a hundred thousand. So we have various indicators all suggesting right now that 100000 is in play, which ultimately means a hundred thousand in play. Also bitcoin profitability increases post breakout. There is a lot of institutional FOMO with the new company from Jack mers being a CEO launching with 42000 Bitcoin. It's a bitcoin acquisition company to challenge and rival the likes of Strategy B Michael Saylor's company, which we'll dive into here in a little bit. But I do want to pull up some of the charts and show you some live chart action. Jackson satisfaction for the Roskies. So let's pull this baby up. Give me a second. You should be able to see here in your screen. So yeah, this is via trading View via Coinbase 1 hour chart. Bullish pennant, very bullish formation bull scenario which we like to see on the hourly sitting at 102, 762. So the bullish pennant target is just shy of 103,000 which would take us within striking distance to price discovery which is currently 193, which is the all time high achieved Inauguration day all the way back on January 20th and it's been corrective and trading sideways since. So hopefully we can regain this momentum here potentially today, recapture a hundred thousand, if not today over the weekend sat stack and Saturday, why not? Zooming out for the 4 hour 4 hour chart. Also very bullish overall with the rising wedge breakout. As you can see for the past 4, 8, 12, 16 hours we've been pumping forming green candles on the four hour chart there's a rising wedge formation. However there is a target sitting at 85 which is a God candle down from the current price action. As we're fast approaching 96 and zooming out from there, let's take a look at the daily chart again via Coinbase, via Trading. View the daily chart also you can see a lot of momentum building here. We have 1, 2, 3, 4, 5, 6, 7, 7 consecutive days printing a green daily candle which is a good sign. We have a rising wedge followed by a falling wedge and it looks like we're starting to rise again. We have a bull scen which will take us back to price discovery. Just shy of 112,000 on the daily bull scenario. You can see in the red pinkish target on your screen just shy of 69 GS. Let's go. And checking out the weekly you can see 1, 2, 3 green consecutive candles. This one hasn't closed yet, the big mega bull candle for the week, but we do get a close on Sunday so things are on the up and up. I think the bullish momentum most likely to transpire into the month of May. And we also have the 24000 cup and handle target in play here for the second quarter. Will it happen potentially in the month of May? You guys let me know your thoughts. And zooming out a little further, we'll take a quick glance of the monthly and on the monthly chart, as you can see, April has been bullish and it's about time considering the past two months have been bearish. So we're on the up and up. Let me know where you feel the prelo bitty is likely to take us next. Dinner with the President. Whales go crazy as the Trump coin skyrockets. Max chimed into this Trump coin is going to zero against bitcoin. Know that the meme coins accelerate inflation and if you don't know now you know. But yeah, we're living in wild times to say the least. Imagine being told several months ago that the POTUS will have his own meme coin. Not only that, but his wife as well, the first lady Melania coin. The meme token would skyrocket to a multi billion dollar market cap before it plunged 90% within weeks, which is all factual. Or at the same the President, who used to be against the industry, which is a fact, would praise the coin on his own social media channels. Or that he'd invite the top 220 holders of that said meme to have dinner with him as shared Here by cio. Never thought I'd see the day. The President of the US has a website with a leaderboard on it. So very smart man. He created some game theory within his community and you can see the top holders here how much they have of the Trump coin. It shows you the wallet, address and smart play. If you're to ask me, well it's 2025 and all of that has already happened in the past three months. The dinner info was sent out yesterday sending the token flying. It had declined to nine bucks after peaking at $80 following the January launch, but shot up to over 16 bucks within minutes as investors rush to get in on the hype. The price uptick resulted in Trump charting a seven week high. However, this is obviously a whales game of course since most of the big purchases were worth millions of dollars or maybe even insiders, something of which the project has been accused of before. As well as look on chain shares here. A longtime Trump liquidity provider removed liquidity from two wallets two hours ago receiving two 11,000 Trump worth 2.7 million and 18,000 Salana. Now both wallets are on the top 220 holders. So ultimately if you're a whale, you can just hold some Trump coin and pretty much have a guaranteed invite to wherever he's holding this event at, whether it's at the White House or Mar A Largo. You know, I mean. But yeah, right now the top holders have just a few million. So if you want to meet Trump, hold some Trump coin. Just good luck. Hopefully you don't get wrecked some used only the height with probability little to no intention of attending the actual dinner. The whale spent 5 million USDC to purchase 407000 Trump at 12 bucks only to sell the stash for 732000 profit within less than 30 minutes. So my understanding is this guy got the news before it broke on social media from the website. So he knew it was about to pump. He made a significant investment using 5 million and then he cashed out a $732,000 profit within 30 minutes. Welcome to Crypto Bros. There's also one sad story described by look on Chain. The analytics platform said the entity 30,000 trump tokens just before the dinner news. Ouch. As such they missed out on a potential four and a half million worth of profit. Obviously it works both ways and just look at that price acceleration off the back of the news. So if you can front run the news of a major event such as with the Trump Meme coin There's a lot of gains to be had obviously, but clearly the average person doesn't know about that and they end up buying at the top and getting wrecked. So Max does make a great point here. As Trump doesn't know meme coins accelerate inflation. So if Trump is trying to keep a strong dollar, you want low inflation and pumping this shitcoin is only going to create more inflation. But here's the silver lining bullish for bitcoin. So there you have it. Thanks Trumpster. I mean it is what it is. So let's continue with the news. We just discussed the latest with the Trump coin. Now let's discuss the big news of the day really is regarding the bitcoin banks. US banks are free to begin supporting bitcoin. Here's the insights from Michael Sailor but I also want to share this. Your local neighborhood bank in America can now buy, sell and hold bitcoin. As of April 24, the Federal Reserve Reserve proof of work here on your screen has withdrawn its previous letters that had forced banks to get special regulatory permission first for any bitcoin service preventing the technology adoption. And this is directly from the Fed website Board of Governors on the Federal Reserve System Federal Reserve Board announces the withdrawal of the guidance for banks related to the crypto asset and dollar token activities and related changes to its expectations for these activities. And it's official as of yesterday April 24th. So let's dive a little deeper into this bitcoin adoption amongst U S financial instit see a major boost after the US Fed withdrew its guidance discouraging banks from engaging with crypto. Probably a part of the reason we're pumping so much as well besides the institutional FOMO. So yesterday the Fed withdrew the 2022 supervisory letter that served as guidance to deter the banks from engaging in crypto and stablecoin activities. The withdrawal spurred a notable uplift in bitcoin investor sentiment as outlined right there. The 2022 guidance initially warned crypto may pose risk to investors and the stability of the US financial system. And that was all a result of Operation 2.0. Gary Gensler and all those criminals, drug traffickers, anti money laundering, tax avoidance. The Fed's move means the banks are now free to begin supporting the bitty is according to the Gigachad co founder of the world's largest bitcoin holding firm Strategy B which he shared here. Banks are now free to be supporting the bitty. That's right. Big deal. The Fed's decision is a significant development as it will simplify the path of the institutional adoption. According to the co founder and CEO of blockchain regulatory firm Feedium, quoting her here, the withdrawal of this particular guidance ensures that crypto assets will be overseen through standard supervisory processes. We still need to have genius and stable bills to be passed to further harmonize the crypto activities amongst the fed supervised firms and other market participants. The combination of the legislative effort will be the main driver behind the institutional adoption. Can you say institutional fomo like a mofo? Can you say supply shock? Can you say 100 GS? Can you say 10x that mofo to a million? Can you say 10x it again to 2 million? 2.2 million in play as per the high priest, your holiness Max Kaiser. What are your thoughts? The stablecoin transparency and accountability for the better ledger economy or the stable act passed the U. S. House Financial Service committee with a 32 to 17 vote April 2. The bill aims to create clear regulatory guidelines for dollar denominated stable coins. The genius act, short for guiding and establishing national innovation for the U. S. Stable coins, passed the senate banking committee by a vote of 18 to 6 on March 13th. Game on. Fed shift marks the end of the regulatory hospital hostility. That's right, take that lizard folk. So if your local bank starts adopting bitcoin, do you know what that means? Banking related crypto products, for example. You ever heard of a bitcoin back loan? It means bitcoin's already. It's already established, no questions asked. It's a perfect store value, it's perfect money. But it's also pristine collateral, which means it's perfect, it's flawless collateral. So you bet your bottom dollar the banks are going to want to hold in custody your bitcoin and as of now, they'll be able to provide those services. It's only a matter of time. So this is a massive, massive bullish news swing right here which will only help usher in these higher prices and price discovery. And I think we're witnessing the market reflect some of these laws which are changing in real time. Next story of the day headline reads after the infamous freeze frame of course. Here we go, sailor holding 10 million bitcoin won't threaten the protocol, according to Siphonamus, author of the bitcoin standard. And let me know if you've read the bitcoin standard, Michael. Say that was the first book I read on bitcoin, by the way. Michael Saylor Strategy hypothetically hoarding nearly 48 of the total bitcoin supply. Imagine that wouldn't pose any risk to the bitcoin protocol or the price according to Siphon Amos quoting them here, if Michael Saylor ends up with 10 million Bitcoin, which he won't by the way, is way too many, what is he going to do? So this is a hypothetical. He is just likely going to leverage them to buy more bitcoin. And this was according to the interview he did with Mr. Pompliano. Ultimately I don't see how it would threaten the protocol in a serious sense. You know how some fudsters are like but blackrock and Sailor own all the bitcoin. There's none left for us pleb. So why even get involved when they own so much bitcoin? Well here's the other side of that coin. Amma said if Sailor managed to accumulate 10 million bitcoin, he would be unlikely to wake up one day and say let's try to hard fork this so we can make another 5 million bitcoin supply so I can have 15. He reiterated it would diminish the value of his existing 10 million Bitcoin, which makes a great point. He's fully vested at that point. Several crypto market participants have previously raised concerns about the BD whales and at what point their holdings could lead to risk like market manipulation, centralization or liquidity issues. And at the time, Sailor's Firm Strategy currently holds 538200 Bitcoin worth over 50 billion according to the Sailor Tracker. Meanwhile, BlackRock's IBIT ETF has net assets worth 54 billion. So even more Bitcoin than Michael Saylor's company. So collectively they have over 1 million Bitcoin, which is mind boggling. So BlackRock has 585000 and Strategy has 538 000. That's close to above 1.1 million Bitcoin. So collectively these two companies have more Bitcoin than Satoshi. Let that sink in.
- [15:29]
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- [15:57]
Crypto Analyst
Collectively, the two firms hold approximately 5.3% of the Bitcoin supply. However, Siphon said it is not a cause for concern. Quitting them again, it's not like Sailor or Fink owns all those bitcoins. They have shareholders who own all those bitcoins or ETF holders that own those bitcoins and that's a fact. For example, ironic enough, the primary shareholders of Microstrategy slash strategy B is Vanguard and BlackRock. You can't make this up. They own the majority shares of like over 90 of the companies in the S P500. They have like a monopoly. It's insane quoting them again to the extent BlackRock and Strategy hold those. They hold those because they are doing their fiduciary share of duties to their shareholders and ETF holders in a satisfactory way ultimately meaning the bitcoin doesn't belong to Sailor and to Larry Fink, it belongs to the shareholders who have vested interests obviously in it. But anyways almost explained that if BlackRock or Strategy ever started to manage their holdings in a way that's harmful to the shareholders or the ETF holders or starts abusing their position, that's when investors would sell and look for other ways to gain exposure to bitcoin. Kind of like what we witnessed with the grayscale Bitcoin trust which was once the biggest holder of bitcoin and then we had all those outflows, you know, over the since the launch in January of last year. Right. So now big news. We'll dive into deeper later. 21 Capital, a new bitcoin treasury company led by Strike founder Jack Muellers with the support of Tether multi billion dollar company Softbank and Cancer Fitzgerald is looking to supplant strategy to become the superior vehicle for investors seeking capital efficient bitcoin exposure and that's going to be the primary purpose of the company a bitcoin acquisition company. So game on. This is the game theory playing out in real time. Next story of the day regarding China this big news and then the big news from Ark Invest. Let's get it headline. China may shift from U S Treasuries towards gold and crypto according to the BlackRock executive. According to the interview on CNBC this is mainstream news Broskis central banks particularly China may start to shift away from the U S Treasuries exploring alternatives such as the prelo biddy and gold According to Jay Jacobs, BlackRock's head of the thematics and active ETFs this is the head the HNIC. In a recent interview with CNBC Jacobs said that the geopolitical tensions and the rising global uncertainty are accelerating diversification strategies amongst the central banking cartels which is what they truly are. He pointed to the long term trend where countries have been reducing their reliance on the dollar reserves in favor of assets like gold, which recently just hit a new all time high, roughly 3, 500 per ounce. And of course gold 2.0. The superior thing, the bitscoin quoting Max Gold is the poor man's Bitcoin. Sorry, Shiftmeister. Tis what it is quoting Jacobs here. This whole diversification away from traditional assets and into the things like gold and crypto probably began three, four years ago. He said the recent geopolitical fragmentation has intensified and pushed towards alternative stores of value. Jacob's reference growing concerns about the freezing of 300 billion in Russian Central bank assets following its invasion of Ukraine, suggesting such events have prompted countries like China to rethink their reserve strategies. And we also know the BRICS movement clearly is the de dollarization of the US dollar. And during the interview Jacob said that BlackRock, as we know, is the world's largest asset manager. They control roughly 11 trillion in assets under management. Have identified geopolitical fragmentation as a defining force for global markets over the coming decades. Quoting them again, we really identify geopolitical fragmentation as a mega force that is driving the world forward over the next several decades, or dare I say centuries. I'm just saying notably, Jacobs is not alone in stress and Bitcoin's declining correlation also with the US equities. As we know, Bitcoin's on its own trajectory. It's on its own vector. Allen Swenick shared here. Bitcoin starting to act like gold two weeks ago. The great decoupling. As you guys know, we've been covering here on the stream. Quoting QCP Capital. With equities finishing last week in the red and extending an April drawdown, the narrative for the biddy as a safe haven or inflation hedge is once again gaining traction because that's what it is. Should this dynamic hold, it could provide a fresh tailwind for the institutional Bitcoin allocation. Nipinator hears the word tail and he goes wild. Bring the tailwinds. I am so ready. All right, now for our feature story of the day. Ark Invest ups its 2030 Bitcoin price bull case scenario prediction to 2.4 million per Bitcoin. Let's break this baby down. And speaking of Ark Invest, shout out to their founder, the one and only Kathy Wood. That's right, Kathy Wood. Always up to no good in a good way. A billion dollar asset manager giant Ark Invest has raised his bull case.
- [20:52]
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- [21:21]
Crypto Analyst
Biddy price target from 1 1/2 milli to 2.4 million by the end of 2030 and FYI, that's only five years out. Broski's driven largely by the institutional investors and the biddy increasing acceptance as digital gold, arcs, BEAR and base scenarios for the price of the biddy were also bumped up. Bump. Bump it up 500,001.2 million. I'll take it, arc Research analyst David Piole said, and I believe he's the creator of the PUL multiple which we commonly use with ta. The new Bear and the base targets were bumped up from ARC's 300,000 and 710 Bitcoin price predictions on February 11th. Another divine omen. February 11th, FYI is my birthday and of course 11 is a divine omen and they're up in their prices. I mean, I dig it. Arcs price projections were modeled on Bitcoin's total addressable market penetration rate. Broskis, you gotta love to penetrate the percentage of the bitcoin total addressable market that it could capture in certain cases in the bitcoin supply schedule. So here's the latest update. 2030 Bitcoin Price Target with ARC assumptions applied to the active supply. As you can see here, the 2030 price target active supply bear scenario is 500000 per coin by 2030. The base case for the Broskis 1.2 million and then the bull scenario 2.4 million per coin. Now I'm going to compare JV's personal price targets, particularly for this cycle. My bear scenario is 222. My base case is 420 and my bull is 1.1 million. And Max Kaiser's bull scenario is 2.2 million per preload biddy, which is pretty much right in alignment with Ark Invest. Only Max is anticipating that even sooner. Quoting PUEL here from arc Institutional investment contributes to the most of our bull case fuel estimated the Bitcoin would achieve 6 and a half percent penetration rate rate which is pretty modest into the 200 trillion financial market in a best case scenarios. And that figure excludes gold. Now what if we were to double those numbers and we achieve, let's hypothetically say 13, we can double those price targets. Just FYI, it's all based on pretty standard numbers. Bitcoin's acceptance as digital gold was also a major contributor to the lofty estimate peel estimating that it could capture up to 60 of the gold's 18 trillion market cap cap. And now we know that gold hit a new all time high. The market cap's closer to 22 trillion. And what if hypothetically we captured 80 or 90 of the gold market cap which would send the bitcoin roaring that much more? Who cares about a roaring kitty? A boring kitty. Not me. I'm for the bitty. I'm for the Nipinator fam. Bitcoin becoming a safe haven as emerging markets was the third largest contributor to the ARC 2.4 million opinion bull case prediction at 13 and a half percent. The Bitcoin use case has also the greatest potential for the capital accrual according to Pu pointing to the Bitcoin ability to protect the wealth the ultimate store value. Right. And you can't confiscate it from and also from inflation and devaluation of the developing countries. Keeping in mind all that fiat is being hyper inflated into zero nation state Also incorporate bitcoin treasury strategies such as the United States is China, Russia etc and Bitcoin financial services now that the banks can custody the Bitcoin buy and sell the bitcoin Also factored into the ARCS bitcoin price projections and that news was official as of yesterday April 24th. So as you can see here with the penetration rates so it's all outlined there in their report ARCS Bitcoin predictions are bold. 2.4 million price tag was send the bitcoin market cap to just shy of 50 trillion. Today we're not even 2 trillion family so assuming that the bitcoin total supply will have reached 20 million by the end of 2030 and as we know there can only ever be 21 million Bitcoin in circulation and they estimate 56 million or lost, gone or stagnated forever. Laura now a 49.2 trillion valuation would be also larger than the current gross domestic product of the US and China combined. It also puts prelo biddy in a good position to overtake gold as the world's largest asset which it will mark my words only a matter of time which currently boasts a market cap of 22 and a half trillion. Now the gold hit a new all time high this week. Even ARC's Baron based targets of 500000 per coin and 1.2 million would mean Bitcoin needs to increase at a compounded annual growth rate of 32 and 53 by the end of 2030 at the top of the decade, a return that isn't achieved too often for assets that have already notched trillion dollar valuations. But again, bitcoin's its own beast on its own vector. And that's a fact, Jack. Since then, Bitcoin has recovered from the 2025 low of 74, soaring back as of today back above 95 GS while the Trump administration has officially established the strategic Bitcoin reserve via the Executive Order as well as the digital asset stockpile. And if you don't know now you know. Let me know your thoughts. Let me know your prediction. Do you agree disagree with Cathie Woods Ark invest 2.4 million bull scenario for 2031 point what I say 1.2 base case or 500,000bear scenario? Let me know if you agree disagree and I'll read your comments out loud. And welcome everyone to the Q A segment of the live stream. And don't forget to check out cryptonewsalerts.net for the full premium experience with video and to participate in our live Q A. And I look forward to seeing you on tomorrow's episode. Episode Hoddle.