The asset manager said bitcoin’s institutional adoption and asset tokenization are pushing digital assets toward scale, potentially reaching tens of trillions by decade’s end.
Ark Invest sees bitcoin and tokenization driving the next phase of digital asset growth
The asset manager said bitcoin’s institutional adoption and asset tokenization are pushing digital assets toward scale, potentially reaching tens of trillions by decade’s end.
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“If we see a soft CPI print on Tuesday, that could open the door for a Fed rate cut later this year,” one trader said.
Rick Rieder cited strong earnings, high yields and low volatility as drivers of today’s favorable investing climate, while warning complacency remains a risk.
Crypto is stuck in a second-year post-halving slump, with ETF outflows and jittery long-term holders pushing bitcoin toward the bank’s bear-case outlook.
The $0.22 level held firmly on multiple retests, drawing in leveraged long positioning. However, the $0.23 resistance zone triggered profit-taking from short-term traders and potential distribution from large holders.