Bitcoin has been flat to down this year, but ARK Invest is not changing its view. In a new Bitcoin Magazine video, Lorenzo Valente, Director of Research for Digital Assets at ARK Invest, explains why the firm evaluates Bitcoin on a five-year horizon and why it still believes it is very early in the Bitcoin journey. That long-horizon framing offers a useful reference point for readers tracking institutional commentary, showing how a research team separates a multi-year adoption thesis from the short-term price swings that tend to dominate headlines.

Valente walks through ARK's Big Ideas report — the firm's annual research publication — including the firm's Bitcoin price target for 2030, and discusses Bitcoin's role as digital gold and permissionless money. He also examines what still keeps institutional money on the sidelines, a question that ties directly into the firm's five-year view. The other themes on the agenda, from stablecoins reshaping ARK's emerging-market Bitcoin thesis to the rise of tokenized stocks and real-world assets, sit at the center of current debates across the digital asset industry.

For readers focused on shorter time frames, the closing chapters address ARK's outlook for the next 12 to 18 months and its take on the four-year cycle.

The full conversation is organized into the following chapters:

• 0:00 – ARK Invest's Lorenzo Valente on How Wall Street Sees Bitcoin Now
• 1:36 – ARK's Big Ideas Bitcoin Price Target for 2030
• 2:51 – How Stablecoins Changed ARK's Emerging Market Bitcoin Thesis
• 4:53 – The Rise of Tokenized Stocks and Real-World Assets
• 7:13 – What Tokenized Stocks Can Do That Brokerage Accounts Can't
• 9:35 – Higher Rates, Inflation, AI and Bitcoin's Macro Outlook
• 12:49 – Which Tokenization Business Models Will Win?
• 15:41 – Exporting U.S. Assets Offshore Through Tokenization
• 17:34 – ARK's Bitcoin Outlook for the Next 12 to 18 Months
• 18:29 – The Four-Year Cycle and What to Watch Next

This video, written by Patrick Green, first appeared Bitcoin Magazine.

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