To enlighten investors on the impact of the breakthroughs and opportunities they should embark on, ARK Invest began publishing Big Ideas in 2017. The annual research reports seek to highlight the latest development in innovation and offer some of ARK's most provocative research conclusions for the year.

 

As we all know, the Price Of Bitcoin Has Hit An All-Time High, and Ark's research indicated that its network fundamentals remained healthy. With search volumes compared to 2017, there's no influence of the hype driving the price up of bitcoin.  The search interest of Bitcoin is low relative to the increase in its price. The bitcoin Google search interest was 15% when its price neared its all-time high.

And with bitcoin gaining more trust, many companies consider it as cash on their balance sheet. Ark research estimates the price of bitcoin to rise to approximately $40,000 if all S&P 500 companies allocated 1% of their cash to bitcoin.

 

As Support For Its Network Increased, Bitcoin's Price Hit An All-time High In Late 2020

 

Bitcoin's Increasing Acceptance Has Set The Stage For Ethereum And A New Wave Of Financial Experimentation

 

 

Ark's research believes that decentralized finance has acted as a positive catalyst for the increased adoption of Ethereum's network. By leveraging ether as 'trust minimized' collateral, market participants can disintermediate traditional financial companies and access financial services like credit & lending, market making, trading, custody, investing, and access to synthetic US dollar exposure.

 

Bitcoin Could Play A Pivotal Role As Corporate Cash

 

 

Square and Microstrategy, both with balance sheet investments in bitcoin, are showing the way for public companies to deploy bitcoin as a legitimate alternative to cash. Square and Microstrategy, both with balance sheet investments in bitcoin, are showing the way for public companies to deploy bitcoin as a legitimate alternative to cash. Ark research estimates the price of bitcoin to rise to approximately $40,000 if all S&P 500 companies allocated 1% of their cash to bitcoin.

 

Read the complete research HERE