ARK Invest: Currently in the middle of a bull market, Bitcoin could reach as high as $124,000 before the end of the year

According to David Puell, research associate at ARK Invest, the current market environment is in the middle of a bull market, and the price of bitcoin could reach $104,000 to $124,000 by January 1, 2025, adding that "it is important to note that this is not a recommendation, but so far the price action has been quite consistent with this prediction". The crypto market is still about 55% to 65% away from the end of the bull market. In the best case scenario, the price of bitcoin can reach $1.50 million in 2030.