ARK’s Big Ideas 2020 names Bitcoin as a transformative technology. Published by Ark Investment Management, a New York-based adviser focused on disruptive innovation, the report reveals three use cases that could catapult Bitcoin to a $1 trillion market cap: medium of exchange, store of value and protection against asset seizure.
The report estimates that the king of crypto will have a future network value of over $1.1 trillion if it eventually replaces a fraction of the $40 trillion money supply. The report also stresses Bitcoin’s potential to serve as a catalyst for currency demonetization.
The researchers also indicate that the leading cryptocurrency is better than gold as a store of value because it is portable, scarce and auditable. As a viable gold replacement, Bitcoin’s market cap can skyrocket by $800 billion if it captures 15% of gold’s $9 trillion market cap.
Lastly, if high-net-worth individuals were to invest 5% of their $46 trillion wealth in Bitcoin to protect against possible asset seizure, Bitcoin’s market cap would ascend by $1.3 trillion.
“Today, a global battle among monetary systems, both sovereign and non-sovereign, is underway. In the long run, ARK expects that the winning monetary systems will ensure:
1. Money will be transferred and stored seamlessly.
2. Money will not be diluted arbitrarily.
3. Money will not be frozen or seized.
4. Money supply will be auditable, and transactions will not be censored.
5. Record of transactions will be secure and immutable.”
ARK’s complete list of disruptive technologies
- Deep Learning
- Streaming Media
- Electric Vehicles
- 3D Printing
- Autonomous Ridehailing
- Aerial Drones
- Next Generation DNA Sequencing
- Biotech R&D Efficiency
- Digital Wallets
You can check out the full report here.
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