BlockBeats News, January 15. According to CoinDesk, Ark Invest analyst and portfolio manager David Puell stated that in Bitcoin’s next phase, it will no longer primarily depend on whether investors “believe” in this asset, but more on how much exposure they are willing to allocate and through which investment tools they participate. With the launch of a spot Bitcoin ETF in 2024 and the rapid development of digital asset treasury strategies, Bitcoin has crossed a significant threshold and entered an institutionalized maturity stage.
The combined holdings of ETFs and digital asset treasuries now account for approximately 12% of the total Bitcoin supply, far exceeding expectations, and have become one of the key driving forces affecting price trends in 2025, a trend that may continue until 2026. As the amount of Bitcoin absorbed by ETFs and corporate treasuries exceeds expectations, the market is entering a more institutionalized phase with lower volatility.
Ark Invest continues to be confident in its long-term Bitcoin valuation framework. According to Ark’s published valuation model, its forecast for the price of Bitcoin in 2030 is “Bitcoin reaching around $300,000 in a bear market scenario; around $710,000 in a base case scenario; reaching around $1.5 million in a bull market scenario.” David Puell stated that under the narrative of “digital gold” and institutional adoption, the company still expects Bitcoin to reach between $300,000 and $1.5 million by 2030.
David Puell stated that as volatility decreases and pullback magnitude narrows, Bitcoin may become increasingly attractive to investors with lower risk preferences in the next cycle.
