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Ark Invest and JPMorgan expect Bitcoin to hit $130K-$470K

Top funds in the U.S. expect Bitcoin to hit anywhere between $130K to half a million in the long term. JPMorgan expects Bitcoin (BTC) to reach $130,000, while Ark Invest anticipates the market valuation of BTC to surpass that of gold. The optimistic macro prediction from both funds revolves around the scarcity of Bitcoin, which has buoyed its popularity as a safe-haven asset. BTC/USD 1-day price chart (Binance). Source: TradingView.comWhy are both high-profile funds so optimistic in Bitcoin? As Cointelegraph previously reported, the outlook of the U.S. dollar index is on the decline. The fear of inflation and the increasing…

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Evogene Ltd., Receives $10 Million Equity Fund by ARK Investments

Evogene, Ltd., a self-described “leading computational biology company focused on revolutionizing product discovery and development in multiple life-science based industries, including human health and agriculture, today announced that it has entered into a definitive agreement with ARK Investment Management, LLC (ARK Invest) and Alpha Capital Anstalt in connection with a registered direct offering of ordinary shares at a price per share of $1.70, for an aggregate cash consideration of $10 million,” according to a press release from the group.  That investment, again led by ARK Invest, does so while “specializing in thematic investing in disruptive innovation, will invest $7 million and Alpha Capital Anstalt…

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