ARK Invest predicts BTC to rise above $1 million by 2030
In this, the market capitalization of the asset can reach $28,5 trillion
26.01.2022 - 14:15
What’s new? The analysts at Cathie Wood’s investment firm ARK Invest have published a prediction, giving their guidelines on the price dynamics of cryptocurrencies. The experts believe that by 2030, BTC quotes can reach $1,36 million and the asset’s market capitalization of $28,5 trillion. At the same time, Ethereum’s capitalization may rise to $22,5 trillion.
Link to the ARC Invest analysts’ report
How did the experts explain their opinion? The fund experts’ prediction is based on an October 2021 report by the securities trading group SIFMA. It states that the market value of BTC and other cryptocurrencies will grow in parallel with the capitalization of the US stock exchanges.
In addition, as explained by ARK Invest, the predictions for digital currencies are based on expectations of their speedy legalization in various countries around the world.
How the largest cryptocurrency exchange’s initiatives help it maintain its leadership
Nov 19, 2022
What fan coins are needed for and what events contribute to their growth
Nov 16, 2022
Why Binance set the trend to publish transparent data on available funds
Nov 14, 2022
The journalists got acquainted with the documents revealing the details of the financial condition of the exchange
Nov 13, 2022
Desperate traders with stuck assets resort to semi-legal schemes to save deposits
Nov 11, 2022
Experts predict when to expect new peaks of the crypto market by analyzing its previous cycles
Nov 10, 2022