Cathie WoodPhotographer: Eva Marie Uzcategui/Bloomberg
Cathie Wood of ARK Invest is bullish on Bitcoin and Ether. She remains true to her prediction that the price of BTC will rise to $1 million by 2030, and Ether could become the subject of mass institutional adoption in the coming years.
Despite the collapse of FTX and the downturn in the cryptocurrency market, ARK Invest founder and CEO Cathie Wood remain extremely optimistic about the two most significant cryptocurrencies. The collapse of the FTX cryptocurrency exchange exacerbated the problems in the crypto sector and made investors extremely wary. Experienced players continue to strengthen their positions, but institutional and small investors are scared.
However, Wood, in a recent interview
with Bloomberg, once again confirmed her prediction that Bitcoin is approaching $1 million per coin. In her opinion, this state of the crypto market could be useful, as it shows which projects are valuable:
Although the future of Bitcoin looks bright in Wood's eyes, she is also aware of the negative aspect of the current market situation. She said that the only downside is the decline in interest from large institutions. However, Wood emphasized that they will soon realize the merits of Bitcoin and embrace it. She concluded that enthusiasm for BTC should return in the next couple of years, which means that by 2030 it will reach the milestone she expected.
In addition, Wood is also optimistic about Ether. She stressed that it could become the subject of mass institutional adoption in the coming years.
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