Posted 2/2/2024, 2:58:26 PM
Bitcoin Could Reach $2.3 Million if it Captures 19% of Global Investable Assets, But Faces Regulatory and Market Challenges
- ARK Invest report projects Bitcoin could reach $2.3 million if it gets 19.4% allocation of $250 trillion global investable assets
- Bitcoin has fundamentally disrupted finance with a decentralized, counterparty risk-free alternative
- Bitcoin's impressive 40%+ annualized returns over the past 7 years beat other major assets
- ARK analysis shows adding Bitcoin boosted portfolio's risk-adjusted returns over 9 years
- Path to $2.3 million valuation faces regulatory, technological, and market volatility challenges