Despite innovations in mostly Ethereum-based decentralized finance (DeFi) stealing much of the attention at the moment, New York-based investment company ARK Invest Management claims that bitcoin (BTC) is “the most compelling monetary asset since gold,” capable of reaching a market capitalization of USD 1 -5tn in the next five to ten years.
The bullish prediction on bitcoin was made in a new report from the company, where ARK in collaboration with crypto research firm Coin Metrics went into great detail on BTC as an emerging financial asset, and the opportunities that come with it.
And according to the report, bitcoin’s market capitalization still has plenty of room to grow from its current level of just over USD 200bn today, if the asset becomes widely used as either:
