Ark Invest Management, the investment management firm led by Cathie Wood, recently released a report. bitcoin and Ethereum He made bold predictions for
In the firm’s “Big Ideas 2022 (BIS 2022)” outlook report, prepared by ARK Invest analyst Yassine Elmandjra, the two leading cryptocurrencies of the crypto market bitcoin and Ethereum’s It is stated that in the next ten years, it will gain even more dominance in the crypto market.
In the report, Elmadjra pointed out that as Bitcoin is adopted by more investors in the coming years, its price will increase as well.
In addition, stating that Bitcoin still constitutes a part of global assets as a market value, Elmadjra argued that as countries such as El Salvador accept Bitcoin as legal tender, BTC will experience a great growth in value.
Ark Invest’s Bitcoin and Ethereum Forecast!
Ark Invest analysts, who predict that Bitcoin will exceed $ 1 million by 2030, think that the market value of Ethereum can reach $ 20 trillion.
This means that the Ethereum price may exceed $ 160 thousand.
Analysts stated that even though the forecasts for BTC and ETH seem ambitious in today’s conditions, their forecasts are actually quite conservative.
In the report, it was stated that if the market value of Bitcoin reaches 2.8 trillion dollars, its price will reach 133,000 dollars, and if its market value reaches 28.5 trillion dollars, its price will reach 1.36 million dollars.
It means that if the predictions of Ark Invest analysts come true, Bitcoin and Ethereum will have a market value of approximately $ 42 trillion.
Bitcoin continues to trade at $37,902 with an increase of 4.31% in the last 24 hours, while Ethereum is trading at $ 2,537 with an increase of 4.91%.
*Not investment advice.