Bitcoin Rebounds 30% from Lows, Institutions Predict Market Cap of $16 Trillion by 2030 'Super Cycle'

BlockBeats News, May 5th, Bitcoin rebounded by about 30% from its recent low of around $60,000, sparking market expectations for a new "super cycle."

ARK Invest stated in a recent report that Bitcoin is gradually establishing itself as a core asset class for the new generation of institutions. It is expected that its market capitalization will grow at a compound annual growth rate of approximately 63% over the next five years, rising from the current around $2 trillion to $16 trillion by 2030, accounting for about 70% of the overall crypto market.

The report also predicts that the overall crypto market could reach $28 trillion by 2030, with smart contract networks (such as Ethereum and Solana) occupying the remaining share.

Furthermore, Cathie Wood has previously suggested that the price of Bitcoin could rise to a range of $300,000 to $1.5 million by 2030. The main driving factors include the substitution of gold's market value (potentially reaching 40%) and the acceleration of asset tokenization trends.

Industry viewpoints also indicate that tokenization is becoming a key narrative. Robinhood CEO Vlad Tenev stated that the market is still in the early stages of the "tokenization super cycle," while BlackRock CEO Larry Fink believes that tokenization will reshape the financial infrastructure, making asset issuance and trading more efficient and accessible.