Bitcoin is getting bigger than Apple? Let’s look at the reality…According to investment media outlet The Motley Fool on the 16th (local time), ARK Investments, led by Cathie Wood, is strongly optimistic about the long-term prospects for Bitcoin (BTC). ARK said that Bitcoin could reach $1.48 million by 2030, indicating a 1,660% increase from the current price. The Motley Fool emphasized that Bitcoin accounts for more than half of the total cryptocurrency market value, with a market capitalization of $1.7 trillion. Ark predicted that Bitcoin would continue its strength in the long term based on factors such as ① digital gold, ② institutional investment inflow, and ③ inclusion in national reserve assets. In particular, he cited former President Donald Trump's push for a national Bitcoin reserve as a major driving force. On the other hand, Dermotley Fool has raised doubts about Ark’s prospects. If Bitcoin reaches $1.48 million, the total market capitalization will reach $31 trillion, which is about 10 times Apple’s current market capitalization ($3.2 trillion). It also points out that a value that surpasses the US GDP ($29.7 trillion) is unrealistic. The recent Bitcoin price is around $83,000, down 24% from its all-time high. Ark had expected institutional investors’ inflow into Bitcoin ETFs to drive future gains, but the inflow so far has been less than $100 billion, showing a slower-than-expected trend. Dermotley Fool presented a more realistic price outlook of $942,800. This is similar to the current total value of gold in the world (19.8 trillion dollars), and it is a possible scenario if Bitcoin is established as 'digital gold'. However, it pointed out that gold still has high reliability as a physical asset, and it is uncertain whether Bitcoin will secure the same status. see more
