🚀 Bitcoin Outperforms Other Major Assets Over 7 Years, ARK Invest
posted 1 Feb 2024
In its annual research report “Big Ideas” Cathie Wood’s ARK Invest shared its insights on Bitcoin, AI, robotics, electric vehicles and other rising technologies.
ARK Invest’s analysis shows that over the last 7 years, Bitcoin has outperformed every major asset class.
The average annualized return of Bitcoin was around 44%, getting ahead of gold, commodities, real estate, bonds, equities and emerging markets. The annualized return of these classes has averaged 5.7%.
Bitcoin long-term investors have benefited over time. In 2023, the cryptocurrency surged by 155%, and the market cap stood at around $827 billion.
ARK Invest mentions Bitcoin’s correlation to traditional assets is low, and the cryptocurrency could play an important role in maximizing risk-adjusted investments amid the increasing macroeconomic uncertainty.
The report predicts the growth of decentralized applications as financial assets can move to blockchain. According to it, decentralized applications could scale 32% at an annual rate, from $775 billion in 2023 to $5.2 trillion in 2030.
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