The price of a single bitcoin could exceed $1 million by 2030.
We are still early.
We are still early.
If Bitcoin does hit $1 million, it will still only represent a fraction of global asset values.
Bitcoinβs market participants are maturing and remain long term focused. Aggregate cost basis (realized cap) is at all time highs and more than 13.5 million btc are held by long-term holders.
Bitcoin's annual settlement volume has officially surpassed Visa's. More than $13.1 trillion of value was settled on-chain in 2021.
In other 2021 news:
- Bitcoin activated Taproot, its biggest protocol upgrade since Segwit in 2017.
- LN activity is at all time highs
- Bitcoin denominated DeFi is has seen explosive growth on Ethereum
- Bitcoin activated Taproot, its biggest protocol upgrade since Segwit in 2017.
- LN activity is at all time highs
- Bitcoin denominated DeFi is has seen explosive growth on Ethereum
8% of Bitcoin's circulating supply is now held by ETPs, corporations, and nation states -- a sign of maturing institutional adoption. Keep in mind this does not come with out concentration and counterparty risks.
El Salvador became the first nation state to adopt bitcoin. I expect other countries to follow El Salvador's lead coming into 2022.
We believe Bitcoin is the most ESG-friendly asset the world has to offer.
Proof-of-work mining isn't going away any time soon, especially in times of geopolitical uncertainty and financial volatility.
Bitcoin mining could be a boon for the energy industry, incentivizing new and more efficient forms of energy generation.
The future of Bitcoin looks bright.
Check out our entire Big Ideas report here: ark-bigideas.com
Check out our entire Big Ideas report here: ark-bigideas.com
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