Ark Invest, the investment company of Cathie Wood, stated that the fundamentals of Bitcoin (BTC) are sound despite the insecurity and decline that dominates cryptocurrencies in 2022 and stood behind its target of $ 1 million.
Ark Invest, in its research report for the year 2023, published on January 31st, stated that to the bear market public blockchain projects keep supporting that and first bitcoin crypto market still the promise of the future conveyed. Despite Bitcoin having a tough year, the report says on solid foundations that the company has given for the year 2030 due to its one million dollar behind the target stop was also included.
The company is on the market of central actors caused by financial insecurity, Bitcoin has decentralization, controllability and transparency highlighting features such as its value increased and long-term He stated that he had built a user base.
The report also focuses more on past years. high hashrate, long-term investor and non-zero balance wallet ratio ecosystem with reference to literally in he grew up was put forward.
The company states that Bitcoin outperforms traditional asset types due to its underlying robustness, while considering the 5-year compound growth rate, Bitcoin’s 262% despite the growth of traditional asset markets 10% of over unable to get out He based his claim on solid foundations.
Coinecko according to data bitcoinat the time of writing %one with an increase at $23,105 is being traded.
