Bitcoin has not broken any trend despite experiencing some of the most damaging events we saw this year. Relative to traditional asset classes, Bitcoin continues to outperform on three, four and five year time horizons. It's really interesting as you can note from this table that Bitcoin has outperformed global equities, global debt and gold on every timeframe.
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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.