$2.3M Bitcoin?

GBTC

With Bitcoin still trading sideways, here is some hopium for you…

…$2.3M BTC?

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Keep reading to find out who made this bold price prediction.

Here is your weekend crypto update…

Here's what's in today's issue:

  • Rebecca shares her thoughts on Ark Invest’s perfect Bitcoin allocation, China conceding to crypto, UK Police seizing $1.8 billion in BTC, Celsius saying goodbye to bankruptcy & $112M in XRP tokens stolen.
  • Altcoin alpha by David.
  • This week's airdrop by Jesse.
  • Sam has an NFT report on the best NFT marketplaces in 2024.

📈 Ark Invest’s Perfect Bitcoin Allocation

Ark Invest just published its iconic Big Ideas report for 2024.

Over the past couple of years, Ark has been bullish on Bitcoin with a price prediction of $1.48M per coin by 2030. But this year’s prediction blows that out of the water. 

With an entire section devoted to Bitcoin allocation, Ark Invest outlines the growing role Bitcoin has in investment portfolios. 

Ark Invest proposes the perfect portfolio allocation of Bitcoin is 19.4% to maximize risk-adjusted returns:

  • Gold: 40.7%
  • Stocks: 30.2%
  • Bitcoin: 19.4%
  • Commodities: 9.6%

This represents a massive increase in the optimum Bitcoin allocation over the past few years, up from 6.2% in 2022.

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