{"id":17353,"date":"2023-02-07T02:35:40","date_gmt":"2023-02-07T02:35:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ark-invest-expects-bitcoin-to-become-a-multitrillion-dollar-market-predicts-btc-price-could-reach-1-48-million-markets-and-prices-bitcoin-news\/"},"modified":"2023-02-07T02:35:40","modified_gmt":"2023-02-07T02:35:40","slug":"ark-invest-expects-bitcoin-to-become-a-multitrillion-dollar-market-predicts-btc-price-could-reach-1-48-million-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ark-invest-expects-bitcoin-to-become-a-multitrillion-dollar-market-predicts-btc-price-could-reach-1-48-million-markets-and-prices-bitcoin-news\/","title":{"rendered":"Ark Invest Expects Bitcoin to Become a Multitrillion-Dollar Market \u2014 Predicts BTC Price Could Reach $1.48 Million \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Investment management firm Ark Invest says bitcoin is \u201clikely to scale into a multi-trillion dollar market.\u201d In its new report, the firm offers three bitcoin price predictions, including a bull case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees bitcoin as \u201can insurance policy for everyone against the confiscation of wealth.\u201d<\/strong><\/p>\n

Ark Invest: Bitcoin Price Could Reach $1.48 Million<\/h2>\n

Ark Investment Management (Ark Invest) published its annual Big Ideas 2023 last week. The report \u201chighlights the technological breakthroughs evolving today and creating the potential for super-exponential growth tomorrow,\u201d Ark Invest\u2019s analysts explained. The topics discussed in the report include artificial intelligence (AI), digital wallets, public blockchains, bitcoin, and smart contract networks.<\/p>\n

Regarding bitcoin, the Ark Invest analysts wrote:<\/p>\n

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We believe Bitcoin\u2019s long-term opportunity is strengthening. Despite a turbulent year, Bitcoin has not skipped a beat. Its network fundamentals have strengthened and its holder base has become more long-term focused.<\/p>\n<\/blockquote>\n

They emphasized: \u201cContagion caused by centralized counterparties has elevated Bitcoin\u2019s value propositions: decentralization, auditability, and transparency.\u201d<\/p>\n

The investment management firm provided three different price predictions for bitcoin in this year\u2019s Big Ideas report, instead of a single prediction offered in the previous year<\/a>. The \u201cbear case\u201d prediction puts BTC<\/a> at $258,500 by 2030 while the \u201cbull case\u201d prediction sees the price of the cryptocurrency reaching $1.48 million per coin. The firm also offered a \u201cbase case\u201d price target for BTC<\/a> of $682,800, using the assumptions deemed most likely to occur.<\/p>\n

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Ark Invest\u2019s 3 bitcoin price predictions. Source: Ark Investment Management.<\/figcaption><\/figure>\n

Ark Invest CEO Cathie Wood has long been a supporter<\/a> of bitcoin. She explained in an interview with Bloomberg last week why she and her investment firm remain bullish about the future outlook for the largest cryptocurrency.<\/p>\n

\u201cIn the last three years, the fiscal and monetary responses to Covid in many countries are causing hyperinflation and physical crises. We are seeing protests and riots all over the place,\u201d she described. \u201cWell, where do these people go for an insurance policy against an implosion in their purchasing power and wealth? \u2026 It is in something like bitcoin.\u201d The Ark Invest executive elaborated:<\/p>\n

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Bitcoin is an insurance policy, and it is an insurance policy for everyone against the confiscation of wealth.<\/p>\n<\/blockquote>\n

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Ark Invest<\/a>, ark invest bitcoin<\/a>, Ark Invest bitcoin predictions<\/a>, Ark Invest BTC<\/a>, Ark Invest crypto<\/a>, Ark Invest crypto predictions<\/a>, ark investment management<\/a>, bitcoin million dollar<\/a>, bitcoin multi-trillion dollar market<\/a>, cathie wood<\/a>, cathie wood bitcoin<\/a><\/div>\n<\/div>\n

Do you agree with Ark Invest and its CEO Cathie Wood about bitcoin? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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