Crypto Market Set to Skyrocket to $25 Trillion by 2030, Predicts Cathie Wood and BlackRock
TL;DR Summary
The CEO of Ark, Cathie Wood, has called BlackRock's application for a bitcoin spot exchange-traded fund (ETF) a "breakthrough" that will significantly boost the bitcoin price in the coming years. Wood predicts that the bitcoin market will scale from $1 trillion to $25 trillion by 2030. The combined market capitalization of bitcoin, ethereum, XRP, and other cryptocurrencies peaked at $3 trillion in late 2021 but suffered a crash in 2022, wiping away $2 trillion of value. The recent rally has stalled, leading to concerns of a potential price correction.
- ‘Very Important’—Sudden BlackRock ‘Breakthrough’ Predicted To Trigger Huge $25 Trillion Bitcoin, Ethereum, XRP And Crypto Price Earthquake Forbes
- Cathie Wood is still all-in on bitcoin: Morning Brief Yahoo Finance
- Cathie Wood explains why crypto market will explode 'to $25 trillion in 2030' TheStreet
- $6.7 billion Ark says Bitcoin and crypto to be worth $25 trillion by 2030 Finbold - Finance in Bold
- View Full Coverage on Google News
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