Cathie Wood, CEO of ARK Invest, has recently made a bold prediction, stating that the total market capitalization of cryptocurrencies could reach $25 trillion by 2030. Wood’s forecast is based on her belief that institutional investment will drive the growth of Bitcoin (BTC) and other digital assets in the coming years.
In a recent interview with Benzinga, Wood discussed the factors that could contribute to this surge in institutional interest. She emphasized that if financial institutions begin pouring money into Bitcoin and other cryptocurrencies, the resulting demand could outweigh the incremental supply available. She believes this would lead to a significant price increase across the crypto markets.
Read Also: ARK Invest CEO Cathie Wood Predicts When Bitcoin (BTC) Would Reach $1,000,000
Wood highlighted the potential impact of institutional investment on the market, stating, “If institutions want to move in, that’s going to be a lot of incremental demand for not that much more incremental supply.”
The approval of a Bitcoin exchange-traded fund (ETF) is seen as a potential catalyst for increased institutional investment. ETFs are investment vehicles that allow investors to trade baskets of assets, such as stocks or bonds.
A Bitcoin ETF would enable investors to buy and sell Bitcoin on major stock exchanges, facilitating institutional participation in the cryptocurrency market. Wood sees this development as a crucial factor that could drive a flood of institutional capital into cryptocurrencies.
Read Also: ARK Invest’s Cathie Wood Stresses How Bitcoin (BTC) could explode by 1,000% From Here
Wood also highlighted the significance of the growing acceptance and adoption of Bitcoin by businesses and governments across the world.
Back in September 2021, El Salvador became the first country to adopt Bitcoin as legal tender, with other nations considering similar moves. Wood believes that such endorsements, combined with increased usage across industries, will further contribute to the upward trajectory of cryptocurrency prices.
While Wood’s prediction of a $25 trillion cryptocurrency market valuation by 2030 is ambitious, it aligns with the rapid growth the market has experienced in recent years. Considering the potential influx of institutional investors and the increasing adoption of cryptocurrencies by businesses and governments, a substantial impact on prices is feasible.
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