Ark Invest CEO on Bitcoin: “1 Trillion is Nothing” Compared to Future Growth
Back in 2018, Ark Invest CEO Cathie Wood infamously predicted that Tesla shares would reach $4,000 in a matter of a few years. Investors and critics ostracized her high-conviction bet, as at the time, Tesla was facing a major liquidity crunch and on the brink of bankruptcy. It seemed like an impossible task for the automaker to appreciate by 1,200% when it could barely stay solvent. But as luck would have it, Wood’s bet on […]
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During a recent panel discussion, Ark Investment’s Cathie Wood said that “$1 trillion is nothing compared to where [bitcoin] will ultimately be.”
It seems $600,000 a coin is the minimum target for analysts over at Ark Invest, who believe Bitcoin will match and then surpass the market capitalization of gold. Ark Invest believes Bitcoin’s (BTC) market capitalization will one day “comfortably eclipse” that of gold, and exceed $10 trillion, reports the London Times. Headed up by veteran stock picker Cathie Wood, analysts at Ark believe Bitcoin’s $1 trillion value is set to rise tenfold in the coming years, as it moves from being a fringe asset to a mainstream financial tool.The value of Bitcoin doubled since January 2021 alone,....
Finding the best cryptocurrency to invest in 2022 for maximum returns can be a rather arduous process. However, we’ve got a solution. During this guide, we’ll be taking a look at 8 of the best cryptocurrency to invest in 2022 for 10x returns. Each of the projects we’re reviewing has excellent fundamentals and strong price action. Let’s begin. The Top 8 Best Cryptocurrency to Invest in for 10x in August 2022 Each project we’ll be taking a look at offers investors the potential for excellent returns. While nothing’s guaranteed, these projects are some of the strongest on the market. Battle....
Ethereum has had a lot of growth in the past year. Growing more than bitcoin and producing more gains. But it is no secret that the market cap of Ethereum is still a long way away from $2 trillion. The market cap of the digital asset currently sits at $248 billion. A $2 trillion market […]
Ethereum's quarterly settlement value is on course to increase by 1,280% year-over-year. Ethereum usage is surging this year, with the value of transactions settled on the network skyrocketing during 2021.According to research from Messari, Ethereum has settled $926 trillion worth of transactions this quarter so far — 700% more than it processed during Q1 2020. The network is currently on-pace to settle $1.6 trillion in transactions for the first quarter of this year. In the last 12 months, Ethereum has already settled $2.1 trillion in transactions.If Messari’s $1.6 trillion forecast is....