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According to ARK Invest, a revised forecast indicates Bitcoin could reach as high as $2.4 million by the end of the decade, supported by decreasing exchange balances and strong market sentiment.
ARK Invest has raised its bullish forecast for Bitcoin, now suggesting it could reach $2.4 million by 2030. This shift is attributed to increased institutional adoption and Bitcoin's evolving role as a digital asset.
ARK Invest has recently purchased 199,401 shares of Coinbase in a span of three days, seizing the opportunity as the stock price declined.
During a significant downturn in the market, ARK Invest seized the opportunity to acquire over 83,000 shares of Coinbase across multiple ETFs.
Cathie Wood aims to leverage tokenization for Ark Invest's funds as regulatory clarity emerges in the U.S.
ARK Invest makes significant transactions in the cryptocurrency market, acquiring Coinbase shares and selling its own Bitcoin ETF.
A report from ARK Invest highlights how staked ether (stETH) is increasingly becoming a benchmark for the crypto economy, akin to the federal funds rate in traditional finance.
ARK Invest has purchased nearly $2.2 million in Coinbase shares, marking its first acquisition since mid-September.
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