In Part 1, ARK described how Bitcoin, a novel economic institution, satisfies the four assurances that maximize the probability of a robust and predictable financial system.
In Part 2, they explore bitcoin as an emerging asset. While many investors question its merit, in ARK’s view bitcoin is the most compelling monetary asset since gold.
The analysis details the evolution of bitcoin’s price and sizes its potential market opportunity over the next five years. It then examines bitcoin’s correlation of returns relative to traditional asset classes, making the case for a strategic allocation.
Finally, ARK assesses the maturity of bitcoin in the marketplace and concludes with thoughts on bitcoin allocation in a well-diversified portfolio.