TechFlow news — ARK Investment, led by Cathie Wood, today released "ARK's Big Ideas 2022," discussing Bitcoin, DeFi, and Web3.
The report states that Bitcoin’s market capitalization still represents only a small fraction of global assets, and its scale could expand further as nations adopt fiat-based digital currencies. It estimates that the price of one Bitcoin could exceed $1 million by 2030. By 2030, Web3 is expected to reduce offline spending by $7.3 trillion annually, driving online expenditure to grow at an annual rate of 28%, increasing from today’s $1.4 trillion to $12.5 trillion per year. The report also suggests that Ethereum’s market capitalization could surpass $20 trillion over the next decade.
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