Bitcoin 2022 Conference Draws Cryptocurrency Industry Professionals And Investors To Miami

Catherine Wood, CEO of Ark Invest, chats with fellow bitcoin bull Michael Saylor, CEO of Strategy (Marco Bello/Getty Images)

Digital gold

Ark projects bitcoin price as high as $2.4 million

Amid a bullish week for bitcoin, Ark Invest is predicting huge gains by 2030.

Yaël Bizouati-Kennedy

4/25/25 11:01AM

Bitcoin’s had a strong week, decoupling from risk assets amid market volatility and tariff chaos, crossing $94,000 for the first time since March 2. The asset started the week hovering around $87,000 and is at about $94,700 as of Friday morning.

Catherine Wood’s Ark Invest raised its 2030 bitcoin price target to an eye-popping $2.4 million in a bull scenario using an experimental model that discounts lost or long-held coins. The previous projection in its Big Ideas 2025 report for a bull market was $1.5 million. Even in a bear market environment, Ark’s new model sees bitcoin going to $500,000 by 2030.

To put this in perspective: bitcoin’s all-time high is just over $109,000, and it has not crossed $100,000 since early February. Five years ago, bitcoin was at around $9,000, so it has 10x-ed from there, but it would have to grow more than 20x in the next five years to hit $2.4 million.

“Digital gold contributes the most to our bear and base cases, while institutional investment contributes the most to our bull case,” Ark analyst David Puell wrote in the report.

Corporations also continued feeling bullish on bitcoin, with Japanese company Metaplanet adding 145 bitcoin to its corporate treasury to give them an even 5,000 bitcoin. Earlier in the week, Michael Saylor’s Strategy added 6,556 bitcoin, giving the firm 538,200 bitcoin in total.

Also this week, Twenty One, a bitcoin-native company newly formed by Tether, SoftBank Group, and Strike CEO Jack Mallers, said it would launch with 42,000 bitcoin. This would make it the third-largest corporate holder, following Strategy and MARA Holdings. The new firm said it could also be a “potentially superior vehicle for investors seeking capital-efficient bitcoin exposure” than Saylor’s company.

Sage D. Young39m

Altcoin trading activity has lost its mojo

Non-bitcoin cryptocurrencies have seen their trading volume plummet in the past five months. The combined trading volume of ethereum, XRP, solana, dogecoin, SUI, and chainlink has decreased by 60% since crypto’s October 10 liquidation event, according to Thomas Probst, a research analyst at crypto markets data provider Kaiko.

Main Altcoins Trading Volume in USD — The trading volume of ETH, SOL, XRP, DOGE, SUI, and LINK.

For all altcoins, spot trading volume on Binance has declined between 80% and 85% to $7.7 billion, while altcoin volume on other exchanges has dropped to $18.8 billion, down from a range of $63 billion to $91 billion in October, a Friday report from Decrypt found, citing data from CryptoQuant.

“This trend may be explained by a contraction in market liquidity over the same period,” Probst told Sherwood News. “This phenomenon is also reflected in the average 1% market depth, which stood at approximately $2.6 million before the October 10 crash and is now closer to $1.7 million when aggregated across ETH, XRP, SOL, SUI, and LINK.”

Market depth is used by investors and traders to gauge the scale of liquidity in a market. 1% market depth refers to the amount of liquidity needed to move the market by 1%.

CoinGlass’s Altcoin Season Index, a measure to assess the performance of non-bitcoin cryptocurrencies, has been sitting above 50 this week, suggesting that the current market is neither in a bitcoin dominant phase nor an altcoin season.

“Triple witching” day may put further pressure on bitcoin’s price

This is not “a favorable environment for risk assets.”

Yaël Bizouati-Kennedy2h

Sage D. Young

23h

Hyperliquid is the “1,000 pound gorilla in the room” leading year-to-date market gains amid conflict in the Middle East

While the crypto industry has shed $564.3 billion in 2026, Hyperliquid’s native token has bucked the downtrend and jumped 54.8% year to date.

Yaël Bizouati-Kennedy

3/19/26

Bitcoin tumbles as oil and gas prices spike and the market’s mood turns risk-off

Bitcoin ETFs reverted to outflows and bitcoin suffered $192 million in liquidations in the past 24 hours.

Sage D. Young3/18/26

Payward, parent company of crypto exchange Kraken, puts plans for IPO on hold

Payward, crypto exchange Kraken’s parent company, has paused its plans for an initial public offering until market conditions improve, according to a report from CoinDesk that cited two people with knowledge of the matter.

Since the firm announced in November its preparation for an IPO of its common stock, the total market capitalization of the crypto industry has shed around $652.2 billion, from $3.2 trillion to $2.5 trillion as of Wednesday, data from CoinGecko shows.

The news comes two weeks after Kraken received approval for a master account from the Federal Reserve Bank of Kansas City, allowing the crypto exchange to connect to the Fed’s payment infrastructure used by traditional banks and credit unions.

Last year, Kraken raised $800 million at a $20 billion valuation from institutional investors such as Jane Street and Citadel Securities.

Payward, parent of crypto exchange Kraken, has put its IPO plans on hold