ARK Invest’s bold BTC forecast sparks buzz for Bitcoin Pepe

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  • Bitcoin Pepe gains momentum in presale with $6.9 million raised so far.
  • ARK Invest has shared a massive $2.4 million Bitcoin (BTC) price forecast
  • BTC rallying will be massive for the memecoin layer 2.

ARK Invest’s has shared its latest outlook for Bitcoin price, news that has analysts noting what this could mean for the broader crypo market.

Specifically, the Cathie Wood led company sees BTC rallying to a staggerng $2.4 million valuation by 2030.

With Bitcoin’s growing dominance and potential ripple effects, what could this mean for Bitcoin Pepe (BPEP).

Ark Invest says BTC could hit $2.4m by 2030

Cathie Wood’s Ark Invest has boosted its Bitcoin price target to $2.4 million by 2030, with this up 60% from its prior $1.5 million estimate.

Detailed in a recent report, this bullish stance points to Bitcoin’s role as “digital gold,” growing institutional adoption, and its use in emerging markets and corporate treasuries.

Analyst David Puell’s model emphasizes Bitcoin’s liquid supply, excluding lost or long-held coins, and projects a 72% compound annual growth rate from December 2024 to 2030.

Per ARK’s insights, the base case would be $1.2 million and bearish $500,000. It’s a forecast that signals strong confidence despite market swings.

What is Bitcoin Pepe?

Bitcoin Pepe (BPEP) bids itself as the “world’s only Bitcoin meme ICO”.

The new meme project seeks to bring a meme layer 2 platform to Bitcoin, tapping into the OG blockchain alongside integration of Solana’s speed.

In short, Bitcoin Pepe’s whitepaper lays out an ambition to build Solana on BTC, offering a platform for instant transactions and ultra-low fees.

Unlike other meme coin projects, BPEP thrives on both community hype and memecoin momentum.

Furthermore, its dual-chain structure that leverages Bitcoin’s security and Solana’s scalability, sets it apart in the crowded meme coin market.

BPEP’s initial coin offering (ICO), the first on Bitcoin’s ecosystem, has drawn significant attention for its innovative approach.

Is BTC a bullish scenario for Bitcoin Pepe?

ARK’s $2.4 million Bitcoin forecast could fuel a rising tide for Bitcoin Pepe.

A Bitcoin bull run typically lifts the entire crypto market, including speculative memecoins. BPEP’s presale has raised over $6.9 million, with tokens priced at $0.031 in its current phase.

This happens as bulls look to gain momentum after pushing Bitcoin’s value back above $90,000.

Cathie Wood’s ARK Invest’s report aligns with other notable forecasts for BTC, including Michael Saylor.

A surge for the benchmark asset will drive liquidity and enthusiasm, boosting demand for BPEP.

However, Bitcoin Pepe’s success depends on presale performance, sustained community engagement and overall market sentiment.

To learn more about Bitcoin Pepe, visit the official website.

The post ARK Invest’s bold BTC forecast sparks buzz for Bitcoin Pepe appeared first on CoinJournal.

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