2024

Bitcoin

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In its&nbsp;<a href="https://assets.arkinvest.com/media-8e522a83-1b23-4d58-a202-792712f8d2d3/753ac3f8-c89c-4780-81d2-41a2a71d66ab/ARK-Invest_013124_Big-Ideas-2024.pdf">Big Ideas 2024</a> report, ARK Invest has unveiled significant insights into the future of Bitcoin, suggesting an optimal allocation proportion of 19.4% within the global investment portfolio. This marks a substantial increase from the 0.5% allocation observed in 2015, indicating growing recognition of Bitcoin's role on the broader investment landscape.
The report posits that allocating just 1% of the $250 trillion global investable asset base to Bitcoin could potentially drive its price to $120,000. However, the more noteworthy projection arises with a 19.4% allocation, forecasting a potential price of $2.3 million. While these figures may raise eyebrows, they underscore the evolving perception of&nbsp;<a href="https://u.today/bitcoin-btc-price-steady-as-fed-keeps-rates-unchanged">Bitcoin</a> as a legitimate asset class.
<blockquote>
 What’s the Big Idea? ARK’s research is full of Big Ideas that will transform our lives and inform investment decisions. Take a look at how quickly the 14 technologies around which ARK has centered its research and investments are evolving and converging in <a href="https://twitter.com/hashtag/BigIdeas2024?src=hash&amp;ref_src=twsrc%5Etfw">#BigIdeas2024</a>. <a href="https://t.co/Wrafi7Tiu7">https://t.co/Wrafi7Tiu7</a>— Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1752896179711418779?ref_src=twsrc%5Etfw">February 1, 2024</a>
</blockquote> 
Highlighting key catalysts for Bitcoin in 2024, the report places a spotlight on the upcoming halving, expected in April. This event, occurring approximately every four years, historically coincides with the initiation of a bull market. The forthcoming halving will reduce Bitcoin's inflation rate from ~1.8% to ~0.9%, potentially influencing its value.
Institutional acceptance also emerges as a crucial factor, with&nbsp;<a href="https://u.today/arks-cathie-wood-touts-bitcoin-btc-as-worlds-most-secure-asset-details">ARK</a> anticipating a shift in perception from viewing&nbsp;<a href="https://u.today/vitalik-buterin-answers-major-bitcoin-and-ethereum-question-in-birthday-essay">BTC</a> as a speculative instrument to recognizing it as a strategic investment in diversified portfolios. Notably, influential figures such as Larry Fink, CEO of BlackRock, have signaled a change in stance toward Bitcoin's potential as a "flight to quality."

Bitcoin to $2.3 Million? ARK Invest Doesn't Exclude This

U_Today

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