ARK Invest led by Cathie WoodNew reportEthereum (ETH) predicts that market capitalization will reach more than $ 20 trillion within the next 10 years. This means that 1 ETH will be between $ 170,000 and $ 180,000.
ARK’s report predicts that Bitcoin (BTC) will “scale as the country adopts it as fiat currency, and the price of 1 Bitcoin will exceed $ 1 million by 2030.”
ARK is a technology-based asset management company based in the United States.The amount of asset managementIs worth $ 12.43 billion.
#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 predictions in ARK’s report, Big Idea 2022, assume that the usefulness and efficiency of the Ethereum network has grown rapidly. Network growth over the last two years has been driven by decentralized finance (Defi), but ARK promises DeFi that “improves interoperability, transparency and financial services while minimizing brokerage fees and counterparty risk. I will do it. “
ARK predicts that Ethereum’s smart contracts and decentralized apps (Dapps) will “replace traditional financial functions in the future.” He emphasizes that Ethereum-based smart contracts will cover things like banks, lending functions, exchanges, brokerage firms, wealth management, insurance and derivatives.
Moreover, DeFi seems to be more efficient than centralized ones. ARK compares revenue per employee and points out that DeFi has been more efficient than traditional organizations in the last 12 months.
For Bitcoin, ARK forecasts a market capitalization of $ 28.5 trillion and $ 1.36 million per BTC by 2030. ARK envisions eight Bitcoin use cases and estimates market capitalization by summing their future values.
Bitcoin accounts for 50% of global remittances, 10% of emerging market currencies, 25% of US bank settlements, 1% of global nations, 5% of HNWI assets and institutional investor assets. ARK estimates that it will account for 2.55%, 5% of S & P 500 companies’ cash and 50% of the market value of gold.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.
