[fusion_builder_container hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_color=”” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” padding_top=”” padding_bottom=”” padding_left=”” padding_right=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text]Source: ARK Disrupt Issue 104: December 19th, 2017 https://ark-invest.com/research/ark-disrupt-issue-104
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This week the value of all cryptoassets crossed $500 billion, as shown below, with bitcoin accounting for more than half.

graph of cryptoassets value May 2013 to Dec 2017
Source: Coinmarketcap.com

At more than $500 billion, cryptoassets now account for 0.6% of global GDP and have gained significant traction since Chris Burniske conducted the survey depicted below this past summer. Other asset classes like bonds and stocks have taken more than 20 years to reach 1% of GDP, suggesting that bitcoin and other cryptoassets are enabling the world to change at an accelerating rate.

screen shot of Chis Burniske post 48% of his respondents voted that the value of the aggregated network value of crypto assets exceed $1T ar least once by Dec 2020

Recently, bitcoin’s network value has scaled dramatically for several reasons: Japan deeming it as legal tender in April, the launch of the CBOE bitcoin futures market last Sunday and the impending launch of the CME bitcoin futures today, and its adoption in countries plagued with corruption and hyperinflation like Zimbabwe and Venezuela. In ARK’s view, bitcoin has been ringing the bell for a new asset class, one that could evolve much faster than any other in history.[/fusion_text]

[fusion_text]ARK’s statements are not an endorsement of any company or a recommendation to buy, sell or hold any security. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.[/fusion_text]


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Fred Pye

Frederick T. Pye


Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.