ARK Invest CEO Cathie Wood Predicts BTC Could Reach $1M by 2030 By CoinEdition
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© Reuters ARK Invest CEO Cathie Wood Predicts BTC Could Reach $1M by 2030- ARK Invest CEO believes BTC might reach $1 million by the next decade.
- The CEO, made a similar prediction about a year ago, in “Big Ideas 2022.”
- Crypto’s fundamentals and value propositions are the primary reasons for the predictions.
A recent report, “Big Ideas 2023,” made by asset management fund ARK Invest focuses on the disruptive technologies of the future. CEO Cathie Wood explained how (BTC) will continue to surpass any other traditional asset class.
The report revealed that, despite a severe economic decline, public blockchains are still driving multiple revolutions, with Bitcoin being one of them. ARK’s CEO predicts that BTC will end the decade at $1 million due to its strong fundamentals, despite the turbulence of 2022. The report further reads,
Its network fundamentals have strengthened and its holder base has become more long-term focused. Contagion caused by centralized counterparties has elevated Bitcoin’s value propositions: decentralization, auditability, and transparency.
The report’s fundamentals include a record hash rate, long-term holder supply, addresses with a non-zero balance, and a realized market capitaliza…
The post ARK Invest CEO Cathie Wood Predicts BTC Could Reach $1M by 2030 appeared first on Coin Edition.
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© Reuters ARK Invest CEO Cathie Wood Predicts BTC Could Reach $1M by 2030- ARK Invest CEO believes BTC might reach $1 million by the next decade.
- The CEO, made a similar prediction about a year ago, in “Big Ideas 2022.”
- Crypto’s fundamentals and value propositions are the primary reasons for the predictions.
A recent report, “Big Ideas 2023,” made by asset management fund ARK Invest focuses on the disruptive technologies of the future. CEO Cathie Wood explained how (BTC) will continue to surpass any other traditional asset class.
The report revealed that, despite a severe economic decline, public blockchains are still driving multiple revolutions, with Bitcoin being one of them. ARK’s CEO predicts that BTC will end the decade at $1 million due to its strong fundamentals, despite the turbulence of 2022. The report further reads,
Its network fundamentals have strengthened and its holder base has become more long-term focused. Contagion caused by centralized counterparties has elevated Bitcoin’s value propositions: decentralization, auditability, and transparency.
The report’s fundamentals include a record hash rate, long-term holder supply, addresses with a non-zero balance, and a realized market capitaliza…
The post ARK Invest CEO Cathie Wood Predicts BTC Could Reach $1M by 2030 appeared first on Coin Edition.
See original on CoinEdition
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