Cathie Wood’s ARK Investment Management estimates bitcoin prices could skyrocket to $2.3 million on the back of an “optimal allocation” to the crypto currency from a massive global investable asset base.
ARK made that estimate in its latest annual research report on “big ideas,” which pegged the global investable asset base at $250 trillion. A 19.4% allocation to bitcoin would correspond to bitcoin prices at around $2.3 million, a chart in the report shows.
ARK,…
Master your money.
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