Ark Invest published a report on January 31 presenting 14 “big ideas” for 2023. The document mentions that artificial intelligence and digital consumers are among the latter. He also categorizes molecular diagnostics and precision therapies as big ideas. But that’s not all: Ark Invest cited several crypto-related technologies in its report.
Bitcoin (BTC)
Ark Invest devoted an entire section to the flagship crypto in its recent report. He explained that bitcoin (BTC) is increasingly constituting a long term opportunity. “Despite a turbulent year, bitcoin hasn’t falteredreads Ark’s report. It appears that the collapse of the CEX “raised the value propositions of bitcoin“. Ark recalled the great values of Bitcoin, namely decentralization, auditability and transparency.
The company also made a prediction about the price of bitcoin in the next 10 years. Indeed, the report argues that BTC could to finish by cost over $1 million. Separately, Ark noted that institutions are increasingly interested in the flagship crypto. Among the latter, he cited: Fidelity, BNY Mellon, BlackRock and Eaglebrook Advisors.
Smart contracts
Ark Invest’s position on smart contracts is clearly optimistic. Indeed, the American investment management company has predicted a high market value for them. Its report mentions that this value could reach $5 trillion over the next decade.
Moreover, Ark Invest said that “smart contract networks could facilitate $450 billion in annual fees by 2030“. He pointed out that the number of transactions on the Arbitrum and Optimism layer 2 networks has increased a lot. It appears that this number now corresponds to that of their main network: the Ethereum blockchain.
Public blockchains
Ark was also optimistic about the future of public blockchains. The report indicates that these can reach a market value of 2 trillion dollars in 10 years. He mentions the “decentralized lending markets like Aavewhich remained functional while crypto lenders like Celsius were insolvent.
According to Ark, the number of digital wallet users is expected to grow by 8% per year. This number would thus reach 65% of the world’s population by the year 2030.
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