- The CEO of ARK Invest believes that BTC could reach $1 million by the next decade.
- The CEO, made a similar prediction about a year ago, in “Big Ideas 2022”.
- Cryptocurrency fundamentals and value propositions are the main reasons for the predictions.
A recent report “Big Ideas 2023” by asset management fund ARK Invest focuses on the disruptive technologies of the future. CEO Cathy Wood explained how (BTC) will continue to outperform any other traditional asset class.
The report revealed that despite the severe economic downturn, public blockchain is still driving multiple revolutions, with Bitcoin being one of them. The CEO of ARK predicts that BTC will end the decade at $1 million due to its strong fundamentals, despite the turmoil of 2022. The report further reads,
Its network fundamentals have been strengthened and its holder base is more focused on the long term. The infection caused by central parties has led to a rise in Bitcoin’s value propositions: decentralization, auditability, and transparency.
The report essentials include record hash rate, long-term holder supply, titles with non-zero balance, realized market capitalization…
ARK Invest CEO Cathie Wood Predicts BTC Could Reach $1 Million by 2030, Debuted in Coin Edition.