Cathie Woods ARK Invest recently published “Big Ideas 2022”
Experts attribute enormous potential to Ethereum
By 2030, the ether market cap could top $20 trillion
At the end of January, Cathie Wood’s investment company ARK Invest published the annual report “Big Ideas 2022”. “To educate investors about the impact of breakthrough technologies, we began publishing Big Ideas in 2017. This annual research report seeks to highlight our most provocative research findings for the coming year,” reads the introduction.
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#BigIdeas2022 Report is here!
To enlighten investors on the impact of breakthrough technologies we began publishing Big Ideas in 2017. This annual research report seeks to highlight our most provocative research conclusions for the year. Download! https://t.co/QvUbuqVpIL
– ARK Invest (@ARKInvest) January 26, 2022
Bullish predictions for Ethereum
Among other things, the relevance of Ethereum was highlighted. “According to ARK’s research, Ether (ETH) is both the preferred security in DeFi and the unit of account in NFT marketplaces,” reads the Big Ideas 2022 report. At the end of 2021, DeFi (decentralized financial markets), stablecoins and NFTs propelled Ether to an all-time high – up to almost $4,900.
The Ethereum network has gained a lot in usefulness and efficiency in the recent past. Most of the growth over the past two years can be attributed to DeFi: “Decentralized finance promises more interoperability, transparency and financial services while minimizing intermediation fees and counterparty risks,” write the experts at ARK Invest. In this context, the investment company also predicts in its report that the market capitalization of ether could exceed $20 trillion in the next 10 years, which would then correspond to a price of around $170,000 to $180,000 per ether. An ether coin currently costs around 2,900 US dollars, while the market capitalization is around 350 billion US dollars.
“According to our research, Ethereum could displace many traditional financial services and its native token, Ether, could compete as global money,” ARK Invest experts continued to be optimistic in their “Big Ideas 2022” report.
Whether the experts will be right with their extremely bullish forecasts remains to be seen, especially in the extremely volatile crypto environment.
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