ARK Invest Analyst: If Bitcoin’s share of global investment portfolios reaches 1%, its price will rise to $120,000

Analysts at ARK Invest have stated that if Bitcoin's share in global investment portfolios increases to 1%, its price will rise to $120,000, with the optimal price being 19.4%, or $2.3 million. ARK Invest estimates the total value of global investment portfolios to be $250 trillion, and the 19.4% figure is based on optimizing risk-adjusted returns for 2023. The other components of the investment portfolio are gold (40.7%), stocks (30.2%), and commodities (9.6%).