BTC - 1 Top Cryptocurrency to Buy Before It Hits a $1 Trillion Valuation According to Cathie Wood
2024-04-29 07:15:00 ET
When it comes to making forecasts about the future direction of the crypto market, there's arguably no one with a higher profile than Cathie Wood of Ark Invest . In 2022, she famously made a $1 million price forecast for Bitcoin (CRYPTO: BTC) . And she hasn't shied away from making some truly mind-blowing forecasts for other, lesser-known cryptocurrencies as well.
Take Ethereum (CRYPTO: ETH) , for example. At the same time that Cathie Wood was suggesting that Bitcoin would blow past the $1 million mark, she was also suggesting that Ethereum could become a $20 trillion asset by 2030. And, at the start of this year, she even suggested that Ethereum might outperform Bitcoin during the next crypto bull market rally. So should you be buying Ethereum now?
It's one thing to make a pie-in-the-sky price forecast, and another thing entirely to back that forecast up with cold, hard numbers. That's something that Cathie Wood of Ark Invest does very well. Her firm's annual "Big Ideas" reports are must-reads for anyone who really wants to dig into the numbers and understand which cryptos are poised to soar much higher.
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1 Top Cryptocurrency to Buy Before It Hits a $1 Trillion Valuation, According to Cathie Wood