Incredible Ark Invest Predictions for 2023-2030
Investment company Ark Invest, known for its focus on innovative technologies, has released a report titled “Big Ideas 2023,” outlining the most influential technological trends expected to change our world by 2030.
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Artificial Intelligence
One of the key trends highlighted in the report is Artificial Intelligence (AI). AI has recently garnered significant attention, especially when considering ChatGPT and other major players such as Google and Baidu, who have also joined the race. Currently, the cost of training AI is rapidly decreasing. Ark Invest predicts that by 2030, it will drop sharply from $450,000 to $30. The report also states that by the end of the decade, AI will increase the productivity of knowledge workers fourfold, underscoring the importance of adapting to this new reality.
Source: ark-invest.com
Crypto Market
One upcoming change to look out for is the growth of the cryptocurrency market. According to Ark Invest, it has the potential to increase from $1 trillion to $25 trillion by 2030, with DeFi making up approximately one-fifth of that market. DeFi can offer financial services to more than 2 billion people worldwide who do not have access to conventional banking services.
Moreover, bonds, stocks, and other financial assets are gradually being introduced to the cryptocurrency domain. The conventional financial sector can benefit from public blockchains, which are transparent and accessible from any location in the world, while also providing independence from financial intermediaries. Tokenized assets are also mentioned, and if they cover only 5% of the world's financial market, they will generate $450 billion in annual revenue by 2030.
Source: ark-invest.com
Bitcoin
Even in the midst of bearish market trends, Ark Invest remains bullish on Bitcoin. The company stands by its price prediction of $1 million per coin by 2030. The growth of BTC is likely to be fueled by its global recognition and role in ongoing financial and internet revolutions.
It is expected that the global debt crisis will worsen, and Bitcoin may become a reliable safe haven for preserving value. To reach a price of one million dollars, Bitcoin only needs to capture a relatively small portion of the traditional financial markets.
Source: ark-invest.com
Digital Wallets
The report also highlights the growing importance of digital wallets. With 6.6 billion smartphone users worldwide, cryptocurrency-enabled digital wallet platforms are scaling faster than traditional banks. Ark Invest predicts that the number of digital wallet users worldwide will grow by around 8% annually, with up to 65% of the world's population using these services by 2030. By eliminating the need for physical banks, transactions through digital wallets could save customers and merchants a total of $50 billion, marking significant changes in how we use financial services.
Source: ark-invest.com
Electric Vehicles
Electric cars are becoming more accessible and affordable. Ark Invest predicts that by 2027, sales of electric cars will increase by more than seven times, from 7.8 million units in 2022 to 60 million units. It is also expected that the charging time will decrease, which will further contribute to the proliferation of electric cars.
Robotics and 3D Printing
Robotics and 3D printing are revolutionizing industries such as manufacturing, and a prime example of this is the increasing use of robots by Amazon. It is expected that these technologies will increase economic production by about 80% per year over the next eight years, and the industry's value will increase from $70 billion in 2022 to $9 trillion by 2030.
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