Arch Invest Expects Bitcoin to Become a Multi Trillion-Dollar Market – Predicts BTC Price Could Reach $1.48 Million
Arc Investment Management (Arc Invest) published its annual Big Ideas 2023 last week, and the analysts explained that, of course, “this report will highlight the technological breakthroughs developing today and the potential for super-exponential growth that follows.” does and unleashes its capabilities”. Certainly the topics discussed in this report include artificial intelligence, digital wallets, public blockchains and networks such as bitcoin and smart contracts and processes similar to those.
Regarding bitcoin, the analysts at Arc Invest wrote that they believe there is a strong long term opportunity for bitcoin and that despite a turbulent year, bitcoin hasn’t lost its green and its network fundamentals are very strong and secure. And its base has become longer and it is likely to be stronger and more authoritatively focused. Emphasizing that “the transition caused by centralized counterparties has increased the value proposition of bitcoin and we certainly see it in three things: decentralization, auditability and transparency.”
This year’s Big Ideas report by the investment management firm outlined and predicted three different predictions for bitcoin. The definitively bearish case forecast places bitcoin at $258,500 by 2030, while its “bull case” forecast takes the cryptocurrency price to $1.48 million per coin. The firm also offered a so-called “base case” price target for bitcoin of $682,800, which is vastly overestimating the likelihood of that happening. Cathy Wood, CEO of Arc Invest, has long been a proponent of bitcoin, and she revealed this in a report last week and in an interview, revealing how and why she’s investing in the largest cryptocurrency. The more excited she is about the outlook for the future, the more good ideas she has. According to them, in the last 3 years, many countries have seen Covid-19 and crisis and this has created a lot of collapses. Of course we see protests and riots everywhere as analysts newly describe where do these people go for life insurance policies against explosions in their purchasing power and wealth?….. i definitely like bitcoin here. There is something. The Ark Invest executive elaborated correctly that bitcoin is a life insurance policy and it exists as an insurance policy for all against the confiscation of wealth.
