Trump Pauses Tariffs, stabilizes markets
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cryptocurrencyThe Motley Fool
•Business
Business & Economics
This Investment Might be "Tariff-Proof," and It Could Soar 1,715% by 2030, According to Cathie Wood's Ark Invest
72% Informative
Bitcoin is the world's largest cryptocurrency with a market capitalization of $1.6 trillion .
It has soared by an eye-popping 35,300% over the past decade .
Some investors have compared it to a digital version of gold because of its scarcity and decentralized nature.
Ark Investment Management , which was founded by seasoned tech investor Cathie Wood , thinks Bitcoin could reach $ 1,715% by 2030 .
Ark thinks institutional investors will allocate between 1% and 6.5% of their entire asset base to Bitcoin .
If Bitcoin 's market cap did rise to match the market cap of gold, that would translate to a price of $1 million per coin.
That would make Bitcoin 10 times more valuable than the world's largest company, Apple , which is currently worth $3 trillion .
Since it's a digital asset, isn't owned or operated by any company, and isn't imported, it technically can't be tariffed.
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