Bitcoin's Future Looks Bright

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At 25-fold increase from today's prices would translate to roughly a $680,000 Bitcoin price. The largest use case still remains Bitcoin as this digital store of value competing with both equities and global money supply. Despite the rough year, as hopefully we've highlighted, Bitcoin really hasn't skipped a beat. I think the future looks bright if you look at the fundamentals. Maybe we really look forward to seeing what's in store for 2023.

Welcome to the Big Ideas Monday Miniseries, brought to you by the For Your Innovation Podcast.

Big Ideas is meant to enlighten investors on the long-term impact of innovation. This annual research report seeks to highlight the technological breakthroughs evolving today and creating the potential for super-exponential growth tomorrow.

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To learn more, view Big Ideas 2023.

This week’s Big Ideas Monday Mini Episode focuses on Bitcoin.

We believe Bitcoin’s long-term opportunity is strengthening. Despite a turbulent year, Bitcoin has not skipped a beat. Its network fundamentals have strengthened and its holder base has become more long-term focused.

Contagion caused by centralized counterparties has elevated Bitcoin’s value propositions: decentralization, auditability, and transparency.

The price of one bitcoin could exceed $1 million in the next decade.

Sources: ARK Investment Management LLC, 2023. Forecasts are inherently limited and cannot be relied upon. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security or cryptocurrency. Past performance is not indicative of future results.