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How Investors Should Approach Bitcoin, According to Ark Invest
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cryptonews.comWhile bitcoin (BTC) is far from a traditional asset that can be analyzed using conventional frameworks, the blockchain still offers many ways of analyzing the asset, Cathie Wood’s Ark Invest said in a newly published whitepaper.
In the paper, titled A Framework to Evaluate Bitcoin, the firm made the case for evaluating the number one cryptocurrency as an investable asset through three layers, with each layer being relevant for a different class of investors:
Ark Invest’s whitepaper was written by the firm’s in-house analyst Yassine Elmandjra, in collaboration with the bitcoin on-chain researcher David Puell.
Sharing the paper on Twitter, Elmandjra called it “the ultimate manifesto on the power of on-chain data,” and said it represents the
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