Market Cap: $2,211,233,608,773
24h Vol: $37,190,293,930
Cryptocurrencies: 29504
Markets: 111730
Cryptocurrencies: 29504
Markets: 111730
Market Cap: $2,211,233,608,773     
24h Vol: $37,190,293,930
Seeking Alpha 2021-01-26 22:53:30

Hello Bitcoin, goodbye Intel: ARK Invest outlines its 5 big ideas for '21

Hello Bitcoin, goodbye Intel: ARK Invest outlines its 5 big ideas for '21
Bitcoin (BTC-USD) -2.2% could rise into the $70K range if trends in corporate use continue, ARK Investment Management CEO Cathie Wood said on a web presentation today.Bitcoin playing "a pivotal rose in corporate cash" was one of ARK's five best ideas for 2021.If companies in the S&P 500 were to put 1% of their cash into bitcoin, that would increase the price of bitcoin by $40K, Wood said.Among ARK's other ideas, it says server processors will transform the next decade and that Intel (INTC) has "really lost its way," according to Wood.Arm Holdings and Risk 5 "will displace Intel," and grow together at a 45% annualized rate over 10 years, she says.Deep learning was another best idea, which "could create more economic value than the internet did," Wood says.Autonomous driving was highlighted as an area where computing power is needed at the highest level where computers are teaching themselves.While Google Glasses were
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