Investor and founder of ARK Invest, Cathay woods, predicted the future of Ethereum (ETH) in the digital asset market. According to her analysis, ETH will have a relatively high rise in the next 10 years. Ethereum market price will go at least to $20 trillion, while Bitcoin (BTC), on the other hand, will go up to $1 million. That too depends on how the ETH conquers the market shares of TradeFi and Bitcoin utilities.
A technology-based US asset management firm, ARK Invest is a total of $12.43 billion establishments. The motif of the Big Ideas 2022 report by ARK Invest was to project how the Ethereum Network has risen to its full potential and keeps rising to its full efficiency. The future prediction says it will reach a price of $20 trillion, which is roughly around $170,000 to $180,000 per ETH.
ARK Invest also states that Decentralized Finance, aka DeFi, made a promise to keep it all more transparent supply competent financial services and interoperable services, and also said that they will reduce the brokerage and issue-related risks.
As per the ARK estimation, DeFi crushed the traditional finance in a matter of 12 months in respect to per employee, from $88 million to $8 million and when it comes to Bitcoin, the report says that by the end of 2030. The market price of BTC should be around $1.36 million per BTC, while the market cap should be roughly around $28.5 trillion.
If you have been planning to add more ETH to your portfolio, right now is the best time to do so.