ARK Invest lays out what it would take for Bitcoin to hit $70K
The (BTC) price could be headed a lot higher as more companies allocate a portion of their treasuries to the digital asset, according to new research from ARK Invest.
In its annual Big Ideas report, ARK said Bitcoin’s price would increase by roughly $40,000 if “all S&P 500 companies were to allocate 1% of their cash” to BTC. This scenario isn’t entirely unrealistic as support for the BTC network continues to grow.
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