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The Street
The Street
By Dan Weil Ark’s research indicates that bitcoin’s ‘network fundamentals’ remain healthy, so it can continue its long-term rise. Cathie Wood’s Ark Investment Management sees bitcoin going to the moon, saying it could break the $1 million barrier by 2030. That would represent an increase of 26 times its recent level of $38,094 “As bitcoin’s market capitalization hit an all-time high in 2021 [over $1 trillion], Ark’s research indicated that its network fundamentals remained healthy,†Ark analyst Yassine Elmandjra wrote in a report. “Bitcoin’s market capitalization still represents a fraction of…
