Bitcoin at $ 400,000? ARK Invest explains how this becomes a reality

ARK Invest is convinced that fundamentals are currently driving the Bitcoin price higher. In addition, the company still sees a lot of growth potential in BTC. What are the reasons for that?

ARK Invest is an American asset management company founded in 2014 by Catherine D. Wood. The company currently manages assets of $ 29.3 billion and invests in cryptocurrencies such as Bitcoin, among other things.

Every year ARK Invest publishes a “Big Ideas 2021 Report” in which it reports on investment ideas. According to the report, Bitcoin still has enormous growth potential. Ultimately, the asset manager believes that if several more companies follow Square and MicroStrategy’s lead and invest some of their capital in Bitcoin, the BTC price could soar dramatically.

In addition, ARK Invest says that if all S&P 500 companies put one percent of their capital reserves in BTC, the BTC price would rise by about $ 40,000.

Fundamentals are driving Bitcoin price

In addition, according to ARK Invest, the current price increase in Bitcoin is less driven by hype than it was in 2017. One of the reasons for this is that some companies are already classifying BTC as a safe haven. To this end, MicroStrategy added more yesterday and bought a total of just under 295 BTC.

tweet

If S&P 500 companies invested just 10 percent of their capital reserves in Bitcoin, the BTC rate could rise by as much as $ 400,000, according to ARK Invest. To date, the number of companies investing in Bitcoin is extremely small compared to all listed US companies. At the last review, there were fewer than two dozen publicly traded companies that have BTC on their balance sheets. But not only ARK Invest believes that this will soon change. Elon Musk also predicts an increased number of companies to enter Bitcoin.

ECB President Christine Lagarde says no to Bitcoin reserves ECB President Christine Lagarde says no to Bitcoin reserves admin 14/02/2021 You want to buy Bitcoin in a secure way? START NOW Your secure Share-Hoster for free use Jason McElwaine Powerd by sharetime.to Lightning Network Statistics and Bitcoin Visuals By bitcoinvisuals.com Job advertisement at Amazon suggests a new crypto project A place that you want to be in these difficult times and Covid-19, stays healthy and never loses hope of good times Admin January 16, 2021 Job advertisement at Amazon suggests a new crypto project admin 14/02/2021 Time for a Lightning Donation Admin January 16, 2021 Places you can pay with Lightning Admin January 16, 2021 Bitcoin foundation founded by Jack Dorsey and Jay-Z Bitcoin foundation founded by Jack Dorsey and Jay-Z admin 14/02/2021 Whats Happening in the Corporate World Admin January 16, 2021 How do I make my own Payment System with BTCPay Server? Admin January 16, 2021 Lightning Labs building faster, cheaper, global layer-two bitcoin Admim January 16, 2021 How much Bitcoin will be left when Apple and others get in? Blankos Block Party — The first release from US blockchain game platform Mythical Games Admin January 16, 2021 Sharing your Big-Data on a Lightning and Tor based System January 16, 2021 How much Bitcoin will be left when Apple and others get in? admin 11/02/2021 Oracle the next Bitcoin entrant after Tesla? Max Keizer wants to know Oracle the next Bitcoin entrant after Tesla? Max Keizer wants to know admin 11/02/2021 You want to buy Bitcoin in a secure way? START NOW Your secure Share-Hoster for free use Jason McElwaine Powerd by sharetime.to Lightning Network Statistics and Bitcoin Visuals By bitcoinvisuals.com
Share: