Earlier this year, Ark Invest's Cathie Wood stunned cryptocurrency investors by predicting that Bitcoin's (CRYPTO: BTC) price would reach $1.5 million by 2027. Wood believes the recent approvals of Bitcoin's first spot exchange-traded funds (ETFs), more institutional purchases, and the impending halving of Bitcoin (which will make it twice as hard to mine the cryptocurrency) will all drive a stampede of bulls to the world's largest cryptocurrency.

But Wood made an even more bullish prediction for Ethereum (CRYPTO: ETH), which currently trades at about $3,200. In Ark Invest's "Big Ideas" presentation early last year, Wood said Ethereum's market cap could exceed $20 trillion -- which would require a market price of more than $166,000 per token -- by 2032. Could Etherium's price actually soar by over 5,000% to hit that target?

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Source Fool.com