ARK Invest has updated its Bitcoin price target for 2030 in its report 'ARK's Price Target for Bitcoin In 2030' Ark estimated three price scenarios: Bear Market: Approximately $300000 per coin Benchmark: Approximately $710000 per piece Bull Market: Approximately $1.5 million per coin The calculation formula is: 2030 Bitcoin price target=(sum of all TAMs x respective penetration rates) ÷ Bitcoin supply