{"id":6055,"date":"2022-01-27T01:14:30","date_gmt":"2022-01-27T01:14:30","guid":{"rendered":"http:\/\/egrowonline.com\/?p=6055"},"modified":"2022-01-27T01:14:30","modified_gmt":"2022-01-27T01:14:30","slug":"20-trillion-in-10-years-famed-investors-huge-bitcoin-and-ethereum-price-prediction-revealed","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=6055","title":{"rendered":"\u2018$20 Trillion In 10 Years\u2019\u2014Famed Investor\u2019s Huge Bitcoin And Ethereum Price Prediction Revealed"},"content":{"rendered":"


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Bitcoin and cryptocurrencies have swung wildly over the last week, with the bitcoin price falling sharply before suddenly rebounding<\/a>.<\/p>\n

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains<\/em><\/a><\/p>\n

The ethereum price plunged along with bitcoin and other major cryptocurrencies, wiping over $1 trillion from the combined crypto market in a matter of weeks and sparking fears of a new crypto winter<\/a>. <\/p>\n

Now, despite one Wall Street giant issuing a serious ethereum warning<\/a>, Cathie Wood’s Ark Invest has predicted the bitcoin price could exceed $1 million by 2030\u2014with ethereum’s market capitalization potentially topping $20 trillion. <\/p>\n

Sign up now for the free\u00a0CryptoCodex<\/em><\/strong><\/a>\u2014A daily newsletter for the crypto-curious. Helping you understand the world of bitcoin and crypto, every weekday<\/strong><\/p>\n

MORE FROM FORBES<\/span>Crypto Crash: Market Now Braced For A Game-Changing White House Executive Order As Price Of Bitcoin And Ethereum Collapse<\/span>By Billy Bambrough<\/span><\/small><\/span><\/span><\/a> <\/p>\n

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The bitcoin price remains highly volatile with bitcoin and ethereum both swinging wildly over the … [+]<\/span> last week. <\/span><\/p>\n

SOPA Images\/LightRocket via Getty Images<\/small>
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“We believe bitcoin is the most profound application of public blockchains, the foundation of ‘self-sovereign’ digital money,” Ark Invest analyst Yassine Elmandjra wrote in the company’s 2022 outlook report<\/a>, arguing technological advancements such as the network’s Taproot upgrade and the second-layer Lightning Network could help bitcoin scale.<\/p>\n

Bitcoin\u2019s cumulative transfer volume increased by 463% in 2021, and its annual settlement volume has surpassed Visa\u2019s annual payments volume, according to Ark’s research.<\/p>\n

“Bitcoin’s market capitalization still represents a fraction of global assets and is likely to scale as nation-states adopt as legal tender,” Elmandjra wrote. “According to our estimates, the price of one bitcoin could exceed $1 million by 2030″\u2014a 2,500% increase from the bitcoin price now. <\/p>\n

The bitcoin price soared through much of 2021, helped on by El Salvador embracing the cryptocurrency and making it legal tender in September.<\/p>\n

Earlier this month, investment giant Fidelity said other countries and even a central bank could follow El Salvador into bitcoin this year\u2014predicting those that buy bitcoin while the price is low “will be better off competitively than their peers.”<\/a><\/p>\n

Last year, Cathie Wood\u2014a long-time supporter of Tesla and its CEO Elon Musk\u2014made a bitcoin price prediction that the cryptocurrency would hit $500,000 by 2026<\/a>. <\/p>\n

Wood and Ark are also very bullish on ethereum, predicting its market cap could surge to $20 trillion in the next ten years, an increase of over 6,000% from around $300 billion.<\/p>\n

CryptoCodex<\/em><\/strong><\/a>\u2014A free, daily newsletter for the crypto-curious<\/strong><\/p>\n

MORE FROM FORBES<\/span>Crypto Price Prediction: ‘Valuation Models’ Reveal Bitcoin 2022 Target<\/span>By Billy Bambrough<\/span><\/small><\/span><\/span><\/a> <\/p>\n

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The bitcoin price soared to an all-time high of almost $70,000 per bitcoin last year before crashing … [+]<\/span> back. Ethereum and other major cryptocurrencies have been similarly volatile. <\/span><\/p>\n

Coinbase<\/small>
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The ethereum price has leaped over the last year amid a surge of interest in blockchain-based decentralized finance (DeFi) and non-fungible tokens (NFTs)\u2014both largely built on top of ethereum’s network. <\/p>\n

“Ethereum could displace many traditional financial services, and its native token, ether, could compete as global money,” wrote Elmandjra. <\/p>\n

“As financial services move on-chain, decentralized networks are likely to take share from existing financial intermediaries. The beneficiaries of this shift include ethereum, the base protocol, and DeFi, the decentralized applications built on top of ethereum. As the preferred collateral in DeFi and the unit of account in NFT marketplaces, ether has the potential to capture a portion of the $123 trillion in global M2 [a measure of the money supply that includes cash, checking deposits, and easily-convertible near-money].”<\/p>\n

“We’ve become just as bullish on [ethereum],” Wood said last year<\/a>. “We see DeFi and NFTs taking off on the ethereum network.”<\/p>\n<\/div>\n


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Bitcoin and cryptocurrencies have swung wildly over the last week, with the bitcoin price falling sharply before suddenly rebounding. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The ethereum price plunged along with bitcoin and other major cryptocurrencies, wiping over $1 trillion from […]<\/p>\n","protected":false},"author":1,"featured_media":6056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[50,158,640,102,498,195,4241,2973,4240],"class_list":["post-6055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-ethereum","tag-huge","tag-investors","tag-prediction","tag-price","tag-revealed","tag-trillion","tag-yearsfamed"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/1643246067_0x0.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6055"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6055\/revisions"}],"predecessor-version":[{"id":6057,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6055\/revisions\/6057"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/6056"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6055"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}