Bitcoin, digital wallets, public blockchains and smart contract networks accounted for four of the 14 "big ideas" for 2023 featured in a report released on Jan. 31 by Ark Invest that also named themes including artificial intelligence, digital consumers, precision therapies and molecular diagnostics.
Bitcoin was the only cryptocurrency in the report to get its own section, with Ark saying that the long-term opportunity for the token is only strengthening. The price of one Bitcoin could exceed $1 million in the next decade, Ark said, noting institutional interest from BlackRock, BNY Mellon, Eaglebrook Advisors and Fidelity.
Ark also took an optimistic stance on public blockchains and smart contracts, which it said could see market values of $2o trillion and $5 trillion, respectively, during the next ten years.
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