Ark Investment Management said Bitcoin’s Value will Reach 1 Trillion

According to Ark Investment Management, one of Tesla’s major investors, 2020 is the year that Bitcoin will fully show off its potential.

Despite its rocky performance during the first quarter, Bitcoin is still the number one option for most investors. A lot of countries are opening their doors to Bitcoin and other digital assets because of their efficient and cost-effective nature.

Bitcoin is known as the most popular digital currency in the market. With a market capitalization of $200 billion, it’s currently the top coin in the cryptocurrency charts.

According to the Ark Investment Management, Bitcoin’s value is set to increase between $1 to 5 trillion in 10 years. Additionally, Yassine Elman, an analyst from Ark, said that Bitcoin will soar in the coming years.

‘Bitcoin offers one of the most compelling risk-reward profiles among assets, as our analysis suggests it should scale from roughly $200 billion today to $1-5 trillion network capitalization during the next five to ten years’.

In the past ten years, Bitcoin has been one of the best performers in the crypto sphere, with Ethereum trailing as second.

‘Our analysis suggests bitcoin is early on its path to monetization, with substantial appreciation potential. In our view, bitcoin’s $200 billion market capitalization—or network value—will scale more than an order of magnitude to the trillions during the next decade’.

However, despite this positive review, Yassine said people shouldn’t ignore the risks that come with Bitcoin. Issues such as blockchain problems, large Bitcoin holdings, and government regulations can hinder its growth.