Cathie Wood, the CEO of ARK Invest and a known Bitcoin supporter, believes the broader crypto ecosystem will rapidly expand to command a $25 trillion valuation by 2030. Then, despite the presence of over 27,000 unique crypto projects according to data from CoinMarketCap (CMC), the CEO says Bitcoin (BTC) and Ethereum (ETH) will be the only two dominant platforms to watch out for.

Cathie Wood Bullish On Bitcoin And Ethereum

Appearing in the recent CNBC Squawk Box, Wood added that with crypto, a new “world is building out,” Bitcoin and Ethereum are global assets that offer opportunities for everyone, not just investors or supporters in the United States. Though the CEO draws a comparison to the internet or the dot.com era of the late 90s and early 20s, Wood claims that crypto is a bigger phenomenon. 

In the past, Wood has made several bold predictions about Bitcoin. Besides predicting the total market cap to reach $25 trillion by 2030, the CEO thinks Bitcoin will be trading above the $1 million mark by 2030, citing its fundamentals. At the same time, the crypto supporter is confident Ethereum will morph into a true world computer as initially envisioned by Vitalik Buterin and other co-founders. 

Ark Invest filed for the first spot Ethereum ETF in September with the SEC. If approved, the product will trade on the Cboe BZX Exchange, tracking ETH prices as displayed by the Chicago Mercantile Exchange (CME).

The endorsement of Bitcoin

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Author: Dalmas Ngetich

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