Bitcoin is still looking at triage to leading institutions like the investment management firm Ark Invest. Doubling down on its previous Bitcoin price prediction, Ark Invest maintains the conviction that Bitcoin will end the decade with a price of over $1 million.

Ark first made its $1 million price prediction for Bitcoin in January 2022. In a research titled “Big Ideas 2022”, the Cathie Wood U.S.-based firm made a bullish claim, saying that Ethereum could tap $180,000 and that Bitcoin has the capacity to surpass $1 million come 2030.

One year later, Ark Invest is still reiterating the same bullish stance as it recently noted that “Contagion caused by centralized counterparties has elevated Bitcoin’s value propositions: decentralization, auditability, and transparency. The price of one bitcoin could exceed $1 million in the next decade.”