ARK Analysts call $1M BTC, $180K ETH | Bullish Crypto Price Predictions
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
82 - Investing in the Future | Cathie Wood, Chris Burniske, Yassine Elmandjra
Cathie Wood is Founder, CEO and CIO of Ark Invest, the investment management firm specializing in disruptive sectors. Yassine Elmandjra is an analyst at Ark, and Chris Burniske is the former blockchain lead at Ark and is now a partner at Placeholder VC. We’re incredibly excited to bring Cathie on the podcast for her industry-leading insights and perspective on the innovative investing space.
The thesis is simple: invest in the future. As a society, we are entering a new age of exponential and unprecedented growth, afforded by compounding technological advancements and a turning point of innovation. Ark Invest is poised to capitalize on these opportunities and has eyed cryptoassets as an important vehicle for this substantial, societal change. Dive in and learn about Wright’s Law, managing haters, Ark’s thoughts on the triple point asset, and DeFi.
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Topics Covered:
0:00 Intro 7:42 Cathie, Chris, and Yassine 12:00 Investing in the Future 17:57 Wright’s Law & Retail 22:02 Fear of Change 28:17 Ark and Bitcoin 38:19 Ether and Ethereum 47:12 NFTs 49:28 Triple Point Asset 55:55 Yield, Banks, and Regulation 1:03:24 ETH’s Risk Free Rate 1:06:35 Fintech & DeFi Mullet 1:16:50 DeFi and AI 1:26:07 Regulatory Limits 1:33:53 Crypto’s Challenges 1:41:46 Closing & Disclaimers
------ Resources:
Cathie on Twitter https://twitter.com/CathieDWood?s=20 Chris On Twitter https://twitter.com/cburniske?s=20 Yassine on Twitter https://twitter.com/yassineARK?s=20 Episode with Chris https://newsletter.banklesshq.com/p/-ethereum-opportunity-chris-burniske Cryptoassets https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671
----- 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
ARK Invest's crypto analyst says bitcoin market cap could hit $3 trillion by 2025
Yassine Elmandjra, crypto asset analyst at ARK Invest, published a white paper recently that argues Bitcoin could reach three trillion dollars in market cap by 2025. On this week's episode of The Scoop, he broke down how he arrived at that conclusion.
ARK began looking into digital assets in 2015, when BTC was trading around $250. At that time, the firm published a white paper arguing BTC was unique and didn't fall into a traditional asset class. Now, it's published a part two to that early paper aimed at institutions.
"In addition to sizing that opportunity for institutions, we really tried to look at what the liquidity and volume profile of Bitcoin are relative to other asset classes and whether or not we're at we're at a place where Bitcoin can support the institutional flow that we so desire," he said. "With that...indeed, we think that over the next five years, Bitcoin presents a multi trillion dollar opportunity."
Elmandjra detailed the path to the moon on this week's episode, as well as:
The relationship between Bitcoin, the S&P and gold and what that means for strategic allocation
What increasing volumes means for Bitcoin's maturity as an institutional asset
What the main pain points are for institutional adoption of Bitcoin, like the lack of primer brokerage firms and large custodians
What it would take for Ark to gain spot exposure of bitcoin in the future
Why Nothing Is More Viral Than a Store of Value - Ep.168
Cathie Wood, CEO and CIO of ARK Invest, and Yassine Elmandjra, ARK's thematic analyst, discuss their investment strategy with disruptive innovation, and how blockchain technology, especially Bitcoin, plays a major role in it. They explain why the unique market circumstances due to the coronavirus have led to more correlation between crypto and the traditional financial markets, but also why, in the long-term, it will ultimately be uncorrelated. We cover why they think crypto in the age of COVID-19 will see new opportunity, and when there will be a recovery of the larger economy. They also share, from an investor standpoint, their growing conviction in Bitcoin due to its long-term value proposition compared to other chains like Ethereum. Plus, we talk about the future outlook for central bank digital currencies, and how Libra will launch, albeit differently, than expected.
Thank you to our sponsors!
Crypto.com: https://crypto.com/
Kraken: https://www.kraken.com
Episode links:
Cathie Wood: https://twitter.com/cathiedwood?lang=en
Yassine Elmandjra: https://twitter.com/yassineARK
Yahoo Finance interview on ARK’s big ideas for 2020: https://finance.yahoo.com/video/cathie-wood-talks-ark-invests-222723696.html
Keynote on State of Digital Assets at Volt Capital summit: https://www.youtube.com/watch?time_continue=2729&v=c50TMCKsktA&feature=emb_logo
ARK’s Q&A video conference on COVID-19: https://ark-invest.com/research/bis2020?utm_campaign=BIS%202020&utm_medium=email&_hsenc=p2ANqtz--kCZDJ0VuIxNViHjN7KR7qOryEusndZqMfNp7JMkD4AIZJCv8otUtZm8YgPdmVYTZb3ylv4ysbxt8fRIUvngkRLcyvIw&_hsmi=85729999&utm_source=hs_email&utm_content=85729999&hsCtaTracking=14ee7e75-5bf4-46f8-8c8c-f5aeb84b32a7%7C5f5d3a43-f10e-4792-92de-96ef495eb5c6
Feature on Cathie Wood: https://www.bloomberg.com/opinion/articles/2020-02-18/cathie-wood-s-tesla-bet-puts-ark-invest-in-spotlight
Her views on Zcash: https://www.theblockcrypto.com/post/12660/cathie-wood-on-the-block-the-crypto-revolution-is-coming-jump-on-or-get-out-of-the-way
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