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ARK Invest predicts that by 2024, the transaction value of stablecoins will exceed that of Visa and Mastercard combined. ARK's CEO, Cathie Wood, has dismissed the potential of meme coins, including TRUMP Coin, citing lack of real-world utility. She continues to show faith in well-established cryptocurrencies, particularly Bitcoin. ARK Invest also predicts an upside for BTC in 2025, based on low volatility signals.
The investment firm continues to show interest in Coinbase, alternating between buying and selling shares, with the most recent trend being acquisition. There is indication that ARK sees potential in Bitcoin's future, with Wood predicting that BTC could top $1 million by decade's end and hit $124k by year-end.
Tim Draper's funding of crypto startup Ark Labs hints at an innovative measure for streamlining Bitcoin payments. Suggestions point to the creation of a new company by the Ark Protocol's team, aiming to compete with the Lightning Network. The analysis suggests that ARK Invest is mixed about the future of Bitcoin and its affiliated investments.
ARK Coin News Analytics from Sun, 21 Apr 2024 07:00:00 GMT to Wed, 05 Feb 2025 11:02:54 GMT - Rating 0 - Innovation 2 - Information 7 - Rumor -5