The Ark Invest manager best known for his extremely optimistic Tesla (TSLA) analyzes, recently published a report predicting that the Bitcoin market would reach the total amount of 1 to 5 trillion dollars in less than 10 years. The total market value of Bitcoin is currently at about $ 199 billion, which would mean that this value could multiply by more than 14 times if Ark Invest is correct again.
"In our opinion, market capitalization of $ 200 billion bitcoin - or network value - will increase in more than one order of magnitude for trillion over the next decade." Although this is not the only manager who discloses good expectations for criptomoeda, since its valuation has been attracting investors and becoming the feeling of the moment.
In August 2018, ARK defined a valuation of $ 420 per share of Tesla, automotive company that bets on electric cars. Although the role has been valued for values higher than US $ 420 recently, the Fund has already updated its targets to very higher values. Tesla action has already valued more than 500%, bringing excellent returns to Ark Invest. The recognized investment manager has also accumulated since 2015 Grayscale Bitcoin Trust (GBTC) roles, a background that allocates values exclusively in Bitcoin (BTC). ARK has sold a good part of its position in GBTC in 2018 in what they called "a complicated decision," which allegedly had more relation to regulatory concerns than with the cryptomeda itself. And although Bitcoin's analysis describes several risks for cryptomoeda, such as a successful future regulatory and an exacerbated "institutionalization", which they according to them would centralize the market, ARK remains optimistic again. "Bitcoin offers one of the most attractive risk-reward profiles between [all] assets" earlier this year, ARK said Bitcoin is a "candidate for the first global digital money" - echoing comments made by Tesla CEO CEO, El
