Bitcoin Could Soar 5,453% by 2030, According to Cathie Wood. But Is That Realistic?
At the current price of around $68,500, Bitcoin (CRYPTO: BTC) has a market capitalization of more than $1.35 trillion, which makes it the most valuable cryptocurrency in the world. In fact, it accounts for more than half of the total $2.55 trillion market cap of the entire crypto ecosystem.
But Ark Investment Management and its tech-investing leader, Cathie Wood, believe Bitcoin is destined to go much higher. Ark's research suggests the cryptocurrency could soar 2,115% to almost $1.5 million by 2030 -- but Wood herself came out with an even more bullish estimate recently, saying Bitcoin could rocket 5,453% to $3.8 million.
Investors' enthusiasm for Bitcoin and the broader crypto industry is riding high at the moment, but widespread adoption remains far out of reach, so is Wood's latest forecast realistic?
Source Fool.com