ARK Invest stands by their assertion that ₿itcoin will hit $1M each by 2030! 📈=🤑💰💵
Despite a severe downturn, public blockchains continue to foster multiple revolutions; one of them is ₿itcoin, says ARK Invest in its 2023 "Big Ideas" research report.
That's why the ₿itcoin (BTC) currency, in the eyes of ARK, is still predicted to close the decade at $1 million because its fundamentals are sound – despite a turbulent 2022.
“Contagion caused by centralized counterparties has elevated ₿itcoin’s value propositions: decentralization, auditability and transparency,” ARK writes. “Its network fundamentals have strengthened and its holder base has become more long-term focused.”
ARK backs up this claim by pointing to a higher hashrate, long-term holder supply and addresses with a non-zero balance compared to the prior downturns.
Because of this fundamental soundness, ARK says, ₿itcoin continues to outperform traditional asset classes.
On a five-year CAGR basis, ₿itcoin is up an average of 272% while global equities are up by 6.1%, global debt provided a yield of 1.4% and gold is up by 2.2%.
This isn’t the first time that ARK or its CEO, Cathie Wood, have made such bold predictions on ₿itcoin’s upwards trajectory. In May 2021, Wood made her first bold price prediction during an interview on Bloomberg, predicting ₿itcoin will go to $500,000 by 2026. In early 2022, she then upped the ante to $1 million by 2030.
While Wood and ARK are known for their positions and opinions on ₿itcoin, the report also touched on smart contracts and decentralized finance.
“As the value of tokenized financial assets grows on-chain, decentralized applications and the smart contract networks that power them could generate $450 billion in annual revenue and reach $5.3 trillion in market value by 2030,” according to the Ark report.
ARK’s Innovation ETF (ARKK) is up 31% in the last month, while its Next Generation Internet ETF (ARKW) is up 32%.
ARK Invest "Big Ideas" Research Report: https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/Big_Ideas/ARK%20Invest_013123_Presentation_Big%20Ideas%202023_Final.pdf
READ MORE: https://www.investing.com/news/cryptocurrency-news/ark-invest-ceo-cathie-wood-predicts-btc-could-reach-1m-by-2030-2997698
and
https://www.yahoo.com/now/ark-invest-maintains-prediction-bitcoin-092711367.html
and
https://cryptoslate.com/cathie-woods-ark-invest-expects-btc-at-1m-by-2030/
and
https://www.coindesk.com/markets/2023/02/01/ark-invest-maintains-prediction-that-bitcoin-prices-will-hit-1m-by-2030/
🦁 www.MAGAlionHAT.com 🦁
-------------------------------------------------------------------------------------------------------
Enjoy the content I provide? Please help support this renegade channel with PayPal! 💰
PayPal: MAGAlionHAT@Gmail.com
Or, if you like you can Buy Me A Coffee: https://www.buymeacoffee.com/MAGAlionHAT
Crypto wallet addresses below. If you have a type of Crypto you wish to donate that I don't have a wallet for, email me and I will create one! 🤑
It keeps me afloat while I'm working to produce informative and entertaining videos while finding and providing gems from other creators for you to enjoy! 🤗
Any donation would be GREATLY appreciated! Thank you and God Bless! 🙏
Bitcoin (BTC):
bc1q63xshh2c2u4tvc6jksl5crlhtp554qu0l4nn8j
Bitcoin Cash (BCH):
qqms8t79e6rk5z5djad360d38y9kkqnh7yfpxkkuy5
Bitcoin SV (BSV):
1F6oH8qkMjswViJSwq965gRivE3DqKuJKC
Litecoin (LTC):
LgxrUdjUxnmFGLtsAbh76C3aAm3dXAGDFV
Dogecoin (DOGE):
DGn5bkC9WM1E2oM79HWiYoVxE3rHuEGkoS
Ethereum Classic (ETC):
0xC03AEe5333D50a20810e1A7585D9BB3f77E0B773
Ethereum (ETH):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Shiba Inu (SHIB):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Chainlink (LINK):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Polygon (MATIC):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Ripple (XRP):
rwvGofsMZQMyqro9YPe7swpo6C6Kagpg2e
VeChain (VET):
0x6410f2e05fEF8169bd1A6935884B9D4D56D9017b
-
1:58
MAGA Lion HAT
5 days agoMan at Santa Monica City Counsel Meeting urges the city to learn about & stack Bitcoin 🪙
276 -
10:33
Space Ice
15 hours agoSteven Seagal's The Patriot Is So Bad It Revolutionized Medicine Forever - Worst Movie Ever
1.06K13 -
22:37
Degenerate Plays
12 hours agoI'm Looking Respectfully 👀 - Stellar Blade : Part 8
831 -
8:08
Film Threat
5 hours agoDEADPOOL & WOLVERINE FINAL TRAILER REACTION! | Film Threat Reactions!
2604 -
12:06
GameLeap RAID Shadow Legends
13 hours ago8 RARE Champions You MUST MAX LEVEL - Raid: Shadow Legends Best Rares 2024
82 -
33:09
CarlCrusher
10 hours agoSHOCKING NEW Evidence Found Searching for Lost UFO In Search of the Nevada Skinwalker Portal
3311 -
2:33:41
Crime Circus
11 hours agoINTERROGATION of SlCK KlLLER who Confesses!! SUCCESSFUL Police Interrogation!
1651 -
1:04:49
Talk Nerdy 2 Us
16 hours agoGlobal Shutdown Alert: Was the Microsoft Hack Just the Beginning of a Worldwide Cyber Conspiracy?
38.2K15 -
6:26
Guns & Gadgets 2nd Amendment News
22 hours agoGovernment Spying On Gun Owners Through Credit Cards (Backdoor Registry)
2.03K5 -
1:00:20
Man in America
12 hours ago🔴 LIVE: DISTURBING Connections Between CrowdStrike, Trump Shooting & Blackrock
57K291