ARK Invest maintains its prediction that bitcoin prices will hit $1 million by 2030. Fundamentals are sound despite a turbulent 2022, according to the ARK’s 2023 Big Ideas research report. “Contagion caused by centralized counterparties has elevated Bitcoin’s value propositions: decentralization, auditability, and transparency,” writes Cathie Wood and team. ARK backs up this claim by pointing to a higher hash rate, long-term holder supply, and addresses with a non-zero balance compared to the prior downturns.
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- Source: https://www.coindesk.com/markets/2023/02/01/first-mover-americas-bankrupt-with-14b-cash/?utm_medium=referral&utm_source=rss&utm_campaign=headlines