ARK Analysts call $1M BTC, $180K ETH | Bullish Crypto Price Predictions

Feb 16, 2022

Yassine Elmandjra, an ARK Invest analyst specializing in crypto assets and Bitcoin mining, shares bold price predictions for Bitcoin and Ethereum, estimating $1 million and $180,000 respectively by 2030. He discusses the transformative potential of decentralized finance and the need for a new framework to understand crypto assets as unique entities. The conversation covers Bitcoin's evolving role as an asset class, the efficiency of DeFi compared to traditional finance, and the impact of institutional investment on these forecasts.

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INSIGHT

Fixed APY Loans

Fixed APY loans offer stability, unlike volatile variable rate loans in early DeFi.
Notional Finance offers fixed APY loans, providing predictable returns.

INSIGHT

Spectrum of Trust

Blockchains exist on a spectrum of trust, from decentralized to centralized.
Different blockchains prioritize different features and use cases.

INSIGHT

$1 Million Bitcoin

Bitcoin's price prediction of $1 million by 2030 is based on various factors, including its potential as digital gold and adoption by institutions.
ARK Invest uses conservative estimates, like Bitcoin capturing 50% of gold's market cap, in their model.

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In their seminal 'Big Ideas' report for 2022, the ARK team predicts the prices of $1M for Bitcoin and over $180K for Ether. These numbers may seem outrageous in a short time frame, but with a broader perspective about the total addressable market for cryptoassets over the next decade, these ambitious predictions sharpen into something more than exuberance.

With paradigm shifts underway, we're bringing on ARK analysts Frank Downing and Yassine Elmandjra to discuss the why, how, and when of these hot price predictions–and why it's more than just the price that matters.

How bullish are you? Not bullish enough.

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------ Timestamps: 0:00 Intro 6:45 Guest Intros 11:32 Big Ideas 2022 Report 14:00 Public Blockchains Transforming Every Asset Class 20:50 Each Revolution Involves A Different Level of Trust 32:50 Bitcoin Could Exceed $1 Million by 2030 48:05 Crypto-Powered Finance Might Scale More Efficiently Than TradFi 53:38 ETH Market Cap Could Exceed $20T In The Next 10 Years 1:02:09 NFTs Could Shift From Static Collectibles to Dynamic Digital Assets 1:05:35 The Growth of the Metaverse 1:07:45 Final Thoughts 1:12:30 Disclaimers

------ Resources:

Frank Downing on Twitter: https://twitter.com/downingark

Yassine Elmandjra on Twitter: https://twitter.com/yassineark?lang=en

Big Ideas 2022 Report: https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARK_BigIdeas2022.pdf

Ark Invest https://ark-invest.com/

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures