1 Top Cryptocurrency to Buy Before the Market Soars 1,100%, According …
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1 Top Cryptocurrency to Buy Before the Market Soars 1,100%, According to Cathie Wood's Ark Invest
The dominant cryptocurrency, Bitcoin (CRYPTO: BTC), currently accounts for 51% of the entire crypto market by value, which itself is worth about $1.65 trillion. Bitcoin's dominance has ranged from 40% to 60% market share over the last three years.
Building on that, Cathie Wood's Ark Invest -- an asset management firm focused on disruptive technologies like blockchain -- believes the cryptocurrency market could be worth $20 trillion by 2030. That implies about 1,100% upside from its current level, and it implies substantial Bitcoin price appreciation.
Specifically, if the broader cryptocurrency market reaches $20 trillion by 2030 and Bitcoin still accounts for 40% to 60% of that total, then the implied upside for the crypto falls between 840% and 1,400%.
Before casting that estimate aside, consider what other asset classes are worth. The global fixed-income market is valued at $130 trillion, the global stock market is valued at $110 trillion, and above-ground gold reserves are valued at $14 trillion. In that context, a $20 trillion cryptocurrency market is plausible.
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https://finance.yahoo.com/news/1-top-cryptocurrency-buy-market-113000733.html
The dominant cryptocurrency, Bitcoin (CRYPTO: BTC), currently accounts for 51% of the entire crypto market by value, which itself is worth about $1.65 trillion. Bitcoin's dominance has ranged from 40% to 60% market share over the last three years.
Building on that, Cathie Wood's Ark Invest -- an asset management firm focused on disruptive technologies like blockchain -- believes the cryptocurrency market could be worth $20 trillion by 2030. That implies about 1,100% upside from its current level, and it implies substantial Bitcoin price appreciation.
Specifically, if the broader cryptocurrency market reaches $20 trillion by 2030 and Bitcoin still accounts for 40% to 60% of that total, then the implied upside for the crypto falls between 840% and 1,400%.
Before casting that estimate aside, consider what other asset classes are worth. The global fixed-income market is valued at $130 trillion, the global stock market is valued at $110 trillion, and above-ground gold reserves are valued at $14 trillion. In that context, a $20 trillion cryptocurrency market is plausible.
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https://finance.yahoo.com/news/1-top-cryptocurrency-buy-market-113000733.html
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