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Bitcoin will hit a million dollars, while Ethereum will reach $168,500! When Will This Occur?
Bitcoin’s price rise was halted at $39,000 after the Federal Reserve declared that interest rates will be raised in March of this year. Altcoins, which were also headed north, fell in line with the main currency.
Cathie Wood’s ARK Invest made a fantastic prediction for Bitcoin and Ethereum values. According to their Big Ideas Summit 2022 (BIS 2022) research, Bitcoin might reach a value of $1 million by 2030. Ethereum’s market capitalization will likewise soar to $20 trillion over the next decade.
Market Dominance
Analysts at Cathie Wood’s investment management business, ARK Invest, anticipate that the two largest cryptocurrencies will continue to dominate the market over the next decade.
According to the firm’s BIS 2022 analysis, Bitcoin might reach a price of roughly $1 million per Bitcoin by 2030. Ethereum’s market value might likewise reach $20 trillion over the next decade.
This would mean that the price of ETH would be around $168,000 per ETH. At present rates, Bitcoin and Ethereum would have a combined market capitalization of over $42 trillion.
While the projection looks to be bold, ARK Invest experts feel it is still prudent. This is due to…
