ARK Invest, owned by Cathie Wood, known for buying technology shares in addition to Bitcoin, has again included very important statements in its “Big Ideas” report published since 2017.
“Cryptocurrencies can reach $20 trillion”
In the report, which is based on 2030 on many issues, it was stated that cryptocurrencies will be great competitors against traditional asset classes, and may even reach a market value of 20 trillion dollars by 2030. In the same year, it was claimed that the total value of smart contracts could reach $5 trillion.
“Bitcoin can exceed $1 million”
The following statements were included in the relevant part of the report, which stated that the opportunities brought by the long-term course of Bitcoin continue:
“The long-term benefit of Bitcoin is getting stronger every day. Despite the complicated year in 2022, Bitcoin has not made a single mistake. The investor base is increasingly made up of long-term crowds. The confusion created by centralized platforms has made the importance of Bitcoin better: decentralization, auditability and transparency. It seems likely that one Bitcoin will exceed $1 million in the next 10 years.”
“Authoritarian regimes failed”
In the report, important figures were given, and the benefits of Bitcoin’s decentralization were listed and the following was written:
“Central monetary systems have failed to create a strong economic environment. 4 billion people in the world live under authoritarian regimes. 2 billion people have to live with double-digit inflation… 1 billion people cannot use traditional payment applications. 1 billion people are dependent on remittance payments to be made to them. In Bitcoin, on the other hand, the barrier is very small. All that is required is the secure storage of keywords… Bitcoin is also an asset that is resistant to inflation. Because mathematically, it is known that the total supply is 21 million. It is also decentralized and transparent…”
“Overcomes other asset classes despite sharp declines”
The report also stated that Bitcoin has outperformed every asset class in the long run, especially despite the steep declines it has experienced this year:
“The volatility in Bitcoin has prevented talk of its long-term returns. Since its launch in 2009, Bitcoin has experienced 5 serious drops of more than 75%. However, it has always managed to provide positive returns on an annual basis.”
“Crypto mining could power solar power”
In the Big Ideas 2022 report, Bitcoin mining, which has been the subject of discussion in the last period, was also mentioned. While it was stated that Bitcoin mining machines are useful energy tools, “Integrating Bitcoin mining into solar storage systems can enable the scaling and reliability of the grids without increasing the cost of electricity.”
