Ark Invest, led by Cathie Wood, projects Bitcoin could reach as high as $2.4 million per coin by 2030, significantly raising its previous target. The firm suggests a bear case price of $500,000 over the next five years, emphasizing the importance of Bitcoin's active supply and network activity. The report highlights that approximately 40% of Bitcoin's supply is deemed 'vaulted,' indicating it is not actively traded. This analysis incorporates factors like Bitcoin's status as digital gold, institutional investments, and emerging market demand. Wood's predictions align with other bullish forecasts within the crypto community, including Michael Saylor's long-term projections. The broader cryptocurrency market has witnessed recoveries recently, with Bitcoin gaining momentum towards its previous highs, further driving interest and speculation in its future performance.

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