CDS Crypto News Ark Invest Predicts Bitcoin Price Could Soar to $2.3 Million with 19.4% Global Asset Allocation
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Ark Invest Predicts Bitcoin Price Could Soar to $2.3 Million with 19.4% Global Asset Allocation

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Ark Invest Predicts Bitcoin Price Could Soar to $2.3 Million with 19.4% Global Asset Allocation

Ark Invest Predicts Bitcoin Price Could Soar to $2.3 Million with 19.4% Global Asset Allocation

Crypto News – In its 2024 Big Ideas report, Ark Invest has made a bold prediction, suggesting that Bitcoin’s price could potentially skyrocket to $2.3 million if 19.4% of the world’s estimated investable assets were to be invested in this leading digital asset. The investment management firm emphasizes that such a significant allocation from the global investable asset pool, estimated at $250 trillion, could have a substantial impact on Bitcoin’s valuation.

According to Ark Invest‘s analysis, allocating precisely 19.4% of global assets to Bitcoin would be the optimal strategy for maximizing risk-adjusted returns in 2023. This determination was made based on a careful assessment of the Sharpe Ratio over a rolling five-year time frame.

Echoing sentiments shared by many in the industry, Ark Invest sees the dawn of a Bitcoin bull run. They point to the on-chain market mean as a dependable indicator distinguishing risk-on and risk-off phases in Bitcoin markets.

The report highlights various catalysts on the horizon for Bitcoin in the coming year, including the recent approval of several spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), the forthcoming Bitcoin halving event, increased institutional adoption of cryptocurrencies, and positive developments in regulatory frameworks.

This isn’t the first time Ark Invest has expressed an incredibly optimistic outlook for Bitcoin. Earlier this month, after the SEC greenlit 11 spot Bitcoin ETFs, Ark’s CEO, Cathie Wood, discussed the potential for Bitcoin’s price to reach $1.5 million by 2030, asserting that the probability of a bullish scenario had risen significantly with the SEC’s approval.

Ark Invest Predicts Bitcoin Price Could Soar to $2.3 Million with 19.4% Global Asset Allocation
Ark Invest Predicts Bitcoin Price Could Soar to $2.3 Million with 19.4% Global Asset Allocation 1

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