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Access your favorite topics in a personalized feed while you're on the go. Famed stock-picker Cathie Wood's Ark Invest has another bold prediction for where bitcoin is headed, even as the price struggles at multi-month lows. The top cryptocurrency's market capitalization is still only a fraction of total global asset values, and is likely to scale as other countries follow El Salvador in adopting it as legal tender , Ark analyst Yassine Elmandjra wrote in the firm's Big Ideas report published Tuesday.
According to Ark's research, information on blockchain networks shows at least Other developments that could encourage wider use of bitcoin are the Taproot upgrade , the first change to its protocol since July , and the transaction speed-boosting Lightning Network , Ark said.
Bitcoin attraction among institutions is also broadening among players including Grayscale, Block. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research DYOR.
All you need for your research in one channel! Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. About SwapSpace SwapSpace is a cryptocurrency exchange aggregator that allows to swap over cryptos with both fixed and floating rates.
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May 12, · Ethereum, on the other hand, surged % over the past month to a new high of $4, set earlier today and has not gone unnoticed by Ark Invest. Elmandjra said Ark sees it . cryptocurrency with biggest growth potential Aug 14 ARK Markets People also ask. Which cryptocurrency will grow the most in ? The exposure to Bitcoin has instigated . Oct 12, · Bitcoin ($BTC) Price Could Top $1 Million by , Says Ark Invest Analyst. Francisco Memoria. 12 Oct /. In #Bitcoin. Yassine Elmandjra, an analyst at Ark .