Ark Invest on $1.4M BTC, Possible Julian Assange-Linked File on Bitcoin Blockchain — Week in Review Ark Invest Expects Bitcoin to Become a Multitrillion-Dollar Market — Predicts BTC Price Could Reach $1.48 Million Billionaire Ray Dalio Says Bitcoin Isn’t an Effective Money, Store of Value, or Medium of Exchange Reddit User Discovers 7zip File Possibly Linked to Julian Assange Hidden in Bitcoin Blockchain Billionaire Tim Draper Urges Sri Lanka to Adopt Bitcoin — Central Bank Says ‘We Don’t Want to Make the Crisis Worse’

Investment management firm Ark Invest offered three bitcoin price predictions in a new report, including a bullish scenario where bitcoin could reach $1.48 million per coin. In other news, a 7zip file has been found on the bitcoin blockchain that may be linked to activist Julian Assange, and billionaire investor Tim Draper has urged the Sri Lankan government to accept bitcoin. This and more just below, in the latest roundup of the news week.

Ark Invest expects Bitcoin to become a multi-trillion dollar market - predicts BTC price could reach $1.48 million

Investment management firm Ark Invest says bitcoin is “likely to become a multi-trillion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bullish case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathy Wood sees bitcoin as “an insurance policy for everyone against wealth confiscation.

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Billionaire Ray Dalio Says Bitcoin Is Not Efficient Money, Store of Value or Medium of Exchange

Billionaire Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, says it’s “surprising” what bitcoin has accomplished, but doesn’t think the cryptocurrency will become effective money, a store of value, or a medium of exchange. However, he emphasized that “we live in a world in which money as we know it is at risk.”

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Reddit user discovers a 7zip file possibly linked to Julian Assange hidden on the bitcoin blockchain

According to a post on the Reddit community r/bitcoin, an old file has been discovered that could be linked to Julian Assange, whistleblower and founder of Wikileaks. The 7zip encrypted file is in the output script of the transaction that took place on January 5, 2017 and was received at a block height of 446,713.

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Billionaire Tim Draper Urges Sri Lanka To Accept Bitcoin - Central Bank Says 'We Don't Want To Make The Crisis Worse'

Billionaire investor and venture capitalist Tim Draper was reportedly trying to convince the Sri Lankan government to accept bitcoin. However, the governor of the Central Bank of Sri Lanka rejected his recommendation, emphasizing: “Adopting 100% bitcoin will never become a reality in Sri Lanka.”

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What do you think of this week’s stories? Let us know in the comments below.

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