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WOLF Terminal
@WOLF_Terminal
The #1# Source of Finance & Trading Education on Spaces | Perps, Equities, Bitcoin, and more
๊ฐ€์ž… September 2022
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๐Ÿšจ ARK INVEST DIRECTOR OF RESEARCH @LorenzoARK ON BITCOIN'S PATH TO 2030: "We've been tracking Bitcoin since 2015. Its position as a store of value, permissionless money is cemented. I think it's still very, very early in the Bitcoin journey." ARK's price target: "In The Big Ideas Report, ARK projects Bitcoin's market cap reaching roughly $16 trillion by 2030. That puts it at about a 63% annual growth rate, implying a price somewhere around $750,000 to $800,000 per coin." Is the target still intact: "We're still very, very confident. This asset class is very cyclical. You will have years like this 1 where Bitcoin has been flat to down. But you will see years where there will be exponential growth. On average, in the next 5 years, we still think we're gonna have 50 to 60 plus percent CAGR with an asset like Bitcoin."
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