5 Technologies That Could Be Worth $220 Trillion By 2030, Cathie Wood's ARK Predicts: 'The Time Is Now'
Portfolio Pulse from Piero Cingari
ARK Investment Management LLC predicts five disruptive technologies (AI, Energy Storage, Robotics, Multiomics, and Public Blockchains) could reach a market value of $220 trillion by 2030. These technologies are expected to drive significant economic growth and productivity. ARK's ETFs, ARKK, ARKQ, and ARKG, track the progress in AI, Robotics, and Genomics, respectively. The report also highlights the potential of cryptocurrencies, especially Bitcoin, to stabilize renewable energy grids and compete with fiat currencies.
March 22, 2024 | 1:26 pm
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POSITIVE IMPACT
ARKG, tracking Genomic Revolution, is likely to see growth as Multiomics advancements promise breakthroughs in biology and medicine.
ARKG's focus on Genomics aligns with the advancements in Multiomics, indicating potential for significant growth.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
ARKK, tracking AI and broader innovation, could see significant growth as AI's market value is projected to increase substantially by 2030.
ARKK's focus on AI and innovative technologies aligns with the projected market value increase, suggesting potential growth.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
ARKQ, focusing on Robotics and Autonomous Technology, could benefit from the projected 78% annual growth rate in Robotics by 2030.
Given ARKQ's investment in Robotics, the sector's projected growth rate directly impacts its potential performance.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Bitcoin's role in stabilizing renewable energy grids and its expected $40 trillion valuation by 2030 could significantly impact its price.
Bitcoin's integration with renewable energy and its projected valuation increase suggest a positive price trajectory.
CONFIDENCE 75
IMPORTANCE 90
RELEVANCE 80