Ark Invest Ramps Up BTC 2030 Prediction to $2.4M

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 29 April 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Perma Bitcoin bulls Ark Invest have raised their 2030 bullish bitcoin target. More important than the number is the logic, which argues that we're not accounting enough for lost coins with our supply models. Sponsored by: ⁠⁠⁠Crypto Tax Calculator⁠⁠⁠ Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator: Generate accurate, CPA-endorsed tax reports fully compliant with IRS rules. Seamlessly integrate with 3000+ wallets, exchanges, and on-chain platforms. Import reports directly into TurboTax or H&R Block, or securely share them with your accountant. Exclusive Offer: Use the code BW2025 to enjoy 30% off all paid plans. Don’t miss out - offer expires 15 April 2025! Ledger Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on ⁠⁠⁠Ledger.com⁠⁠⁠. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.3	What's going on, guys? It is Monday, April 28th, and today we are talking about Arc raising its Bitcoin 2030 price target.
0:26.4	Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord.
0:34.7	You can find a link in the show notes. We're going to Bit.ly slash slash breakdown pod. All right, friends, we have a bit of a grab bag episode. Sometimes this happens over the
0:42.8	weekend. We've got some updates around Stripe's stable coin product, some recent record
0:47.5	high exchange outflows, this arc price target. But we'll start just for completeness with a quick
0:52.2	update in the tariff and macro world.
0:54.9	This week marks the first 100 days of the Trump administration with frankly pretty mixed
0:58.9	results for the crypto industry. Not like I need to tell you that. Obviously, we have seen
1:03.3	significant progress on the regulatory front and the appointment of numerous pro-cryptop personnel.
1:08.4	Now, optimistically, I think that when all of the dust settles,
1:11.6	those will be the most important things to this industry as opposed to the short-term volatility.
1:16.3	However, of course, there has been much short-term volatility, an instability set off by
1:20.8	tariff policy that has completely disrupted Bitcoin's bull run and absolutely crushed all
1:25.4	coins. This weekend featured very little further movement on
1:28.6	tariffs. A truth social post from Trump articulated the next stage of the plan, with the president
1:33.5	stating, when the tariffs cut in, many people's income taxes will be substantially reduced,
1:37.5	maybe even completely eliminated. Focus will be on people making less than $200,000 a year.
1:42.3	Also, massive numbers of jobs are already being created,
1:44.7	with new plants and factories currently being built or planned. It will be a bonanza for America.
1:49.8	Passing a package of tax cuts is firmly on the Republican agenda in Congress, which is back in session
	...

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