Bitcoin has obliterated every other asset class during the past 10 years, but Ark is betting on even more upside.
Ark Investment Management , which was founded by seasoned technology investor Cathie Wood, is extremely bullish on the cryptocurrency industry. In fact, Ark was one of the first firms to receive approval from the Securities and Exchange Commission (SEC) to launch a Bitcoin ( BTC -1.29% ) exchange-traded fund (ETF) last year.
Bitcoin has a market capitalization of $2.3 trillion as I write this, making it the world's largest cryptocurrency by a considerable margin. But Ark believes there is still plenty of upside on the table; earlier this year, the firm issued a set of forecasts suggesting it could soar to $2.4 million per coin by 2030, implying a potential upside o