ARK Invest CEO Cathie Wood is outlining a bold Bitcoin (BTC) prediction.
In a new CNBC interview, ARK Invest CEO Cathie Wood He says who strongly believes that the top crypto asset will skyrocket by more than 2000% in seven years.
“Actually, we are a little higher than [$500,000] in our base case for the year 2030. And in our bullish case, much higher”.
Wood says that the scandals and bankruptcies that plagued the crypto space in 2022, such as the implosion of Sam Bankman-Fried’s FTX, actually underscore the value of decentralization and transparency in the Bitcoin and Ethereum (ETH) ecosystems.
“If you look at what happened in the last year, actually, Sam Bankman-Fried didn’t like Bitcoin at all. And he did not like it for its decentralization and transparency. And what companies went under? They were opaque, non-transparent and highly centralized companies.
So, FTX, Celsius, Three Arrows Capital. If you look at what happened to Bitcoin the network and Ethereum the network they didn’t really miss a beat. All transactions were completed. All open and closed smart contracts.
I think from 2008-2009, which is when Bitcoin really debuted, and even more so, after the crypto fallout last year, the collapse of many companies, this idea of transparency and decentralization is taking hold and Bitcoin and Ethereum They are the two best manifestations of that in the world of cryptocurrencies.”
After a significant bounce from the November lows, Bitcoin is now worth $23,040 at the time of writing, while Ethereum is trading at $1,575.
Don’t miss a thing: sign up to receive crypto email alerts straight to your inbox
Check Price Action
follow us TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.
Image generated: half way
