"Maximizing Portfolio Returns: ARK Invest's Bitcoin Strategy for 2023-2024"

ARK Invest's annual Big Ideas report for 2024 suggests that an optimal portfolio allocation for Bitcoin in 2023 was 19.4%, highlighting its potential as a diversifier and counterbalance to traditional assets. The report emphasizes Bitcoin's unprecedented growth potential and its low correlation with traditional assets, indicating its diversification benefits. While institutional demand has contributed to Bitcoin's recent outperformance, a potential bearish downturn is signaled, and the crypto winter crises of 2022-2023 are said to be coming to a close.