- Cathy Woods’ ARK Invest predicts $20 trillion market capitalization for Ethereum by 2030.
- The report also highlighted that Bitcoin price will surpass $1 million in the next 10 years.
- This will be a monumental acquisition for Ethereum and Bitcoin because of their uses cases and adoption.
A new crypto prediction from Cathy Woods’ ARK Invest suggests that Ethereum’s (ETH) market capitalization will reach $20 trillion by 2030. The firm mentioned that the movement of ETH’s $20 trillion acquisition would be one-of-a-kind revolutionary to the Ethereum ecosystem.
#BigIdeas2022 Report is here! To enlighten investors on the impact of breakthrough technologies we began publishing Big Ideas in 2017. This annual research report seeks to highlight our most provocative research conclusions for the year. Download! https://t.co/QvUbuqVpIL— ARK Invest (@ARKInvest) January 26, 2022
The post highlighted the concept of how Ethereum captures traditional finance (TraFi) synergies that will hugely contribute positively to the $20 trillion market cap for ETH. 2020 represents a new evolution that will introduce a stunning resolution for Ethereum, the report said.
The year signifies a prosperous season that will be unveiling ETH maturity and how far the project has grown its utility and efficiency in the crypto space. ARK Invest gave a big applause to the presence of DeFi which has been a supportive project for Ethereum over the past years.
Decentralized Finance promises more interoperability, transparency, and financial services while minimizing intermediary fees and counterparty risk.
The presence of smart contracts and DApps on ETH exists as a breakthrough that’s somewhat removing traditional financial functions at the margin. With this, banking and lending, exchanges, brokerages, asset management, insurance, and derivatives can all be found on the Ethereum-based smart contracts.
Furthermore, apart from ETH, ARK Invest predicted that Bitcoin’s (BTC) price will exceed a new milestone of $1 million and a market of $28.5 trillion in the next 10 years. The company urged that BTC will achieve this momentum because of how it keeps orchestrating a new different level of use cases in the market. The report said that BTC is “likely to scale as nation-states adopt (it) as legal tender… the price of one bitcoin could exceed $1 million by 2030.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.