Here’s what happened in crypto today
Publikováno: 25.4.2025
Today in crypto, ARK Invest has said Bitcoin could hit a top of $2.4 million by 2030, the CME Group said it plans to launch XRP futures contracts and The Bitcoin Standard author Saifedean Ammous said Donald Trump's tariffs reversal may reflect concerns over rising bond yields.
ARK Invest ups its 2030 Bitcoin bull case prediction to $2.4M
Cathie Wood’s ARK Invest has raised its “bull case” Bitcoin (BTC) price target from $1.5 million to $2.4 million by the end of 2030, citing increased institutional investor interest and Bitcoin’s increasing acceptance as “digital gold.”
It also bumped its “bear” and “base” case scenarios for Bitcoin to $500,000 and $1.2 million, up from the $300,000 and $710,000 respective predictions it made in February.
“Institutional investment contributes the most to our bull case,” said ARK research analyst David Puell, who estimated that Bitcoin would achieve a 6.5% penetration rate into the $200 trillion financial market in a best-case scenario (that figure excludes gold).
Bitcoin’s acceptance as “digital gold” was also a major contributor to the lofty estimate, with Puell estimating that it could capture up to 60% of gold’s market cap by the end of 2030 in a bull scenario.
At $2.4 million per Bitcoin, the cryptocurrency’s market cap would be $49.2 trillion, assuming that Bitcoin’s total supply will have reached 20.5 million by the end of 2030, making it more valuable than the current gross domestic products of the US and China combined.
Chicago Mercantile Exchange Group to launch XRP futures
The Chicago Mercantile Exchange (CME) Group, which operates the largest financial derivatives exchanges worldwide, announced that XRP futures contracts will go live on May 19.
According to the April 24 announcement, investors have the option of choosing between micro-sized contracts, featuring 2,500 XRP, or standard contract sizes of 50,000 XRP. All XRP futures contracts will be cash-settled.
In January 2025, the CME Group signaled an impending launch of XRP futures before quietly pulling the related page from its website.
CME’s announcement is the latest in a growing wave of crypto-focused financial products entering the market or awaiting regulatory approval in the US, a sign that cryptocurrencies have reached a new level of institutional acceptance.
There are now more than 70 crypto ETF applications waiting to be reviewed by the SEC, according to Bloomberg ETF analyst Eric Balchunas.
Trump fought the bond market, the bond market won: Saifedean Ammous
Analysts are criticizing the financial implications of Trump’s import tariffs, a development that some say highlights Bitcoin’s (BTC) unique economic properties during times of global uncertainty.
Trump’s 90-day pause on higher reciprocal tariffs, reverting them to a 10% baseline for most countries except China, has exposed vulnerabilities in the US bond market, according to critics.
Economist and author of The Bitcoin Standard, Saifedean Ammous, said Trump’s decision to reverse the higher tariffs was likely a reaction to rising bond yields, suggesting the administration’s hand was forced.
“Trump fought the bond market and the bond market won,” Ammous said in an April 23 X post. “The gambit seemed to work for the first day, and the huge crash in the stock market was presented as a small price to pay for fiscal sustainability.
“But then the bonds began to crash, and it became clear how disastrous the tariffs were, and how wrong it was to expect that deliberately crashing the stock market would boost the bond market,” he added.
