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BlockNews
Home BREAKING NEWS

Cathie Wood Predicts Crypto Market to Reach $25 Trillion by 2030

BlockNews.com Team by BlockNews.com Team
November 14, 2023
in BREAKING NEWS, BUSINESS, CRYPTO
Reading Time: 2 mins read
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  • Cathie Wood of ARK Invest predicts explosive growth in crypto, reaching $25 trillion by 2030 as regulation and institutional adoption increase.
  • Wood believes crypto is still in its infancy but has massive potential, similar to the early days of the internet. She is an influential crypto advocate.
  • According to Wood, bitcoin and Ethereum will lead crypto’s growth. She sees crypto as an important new asset class and inflation/deflation hedge.

Cathie Wood, CEO of ARK Invest, predicts an explosive rise in the crypto market over the next decade as regulation becomes clearer and institutional adoption increases.

🚨 NEWS: ARK Invest CEO Cathie Wood forecasts crypto market surge to $25 trillion by 2030.

The global cryptocurrency market cap is currently $1.42 trillion.

This would mean an 18x market-wide pump 👀 pic.twitter.com/XqEMaR1Zii

— BlockNews.com (@blocknewsdotcom) November 14, 2023

Perspective from a Crypto Believer

Wood believes the crypto market will grow from $1 trillion today to $25 trillion by 2030. She cites growing interest from Wall Street firms like BlackRock offering crypto assets as a key driver of this growth. As an early adopter through ARK Invest and bitcoin/Ethereum bull, Wood is an influential voice.

Growth Will Be Led by Bitcoin and Ethereum

According to Wood, bitcoin and Ethereum will dominate the crypto market’s growth in the coming years. She draws a parallel to the early days of the internet, noting that crypto is a “very big idea” still in its infancy.

The Value of Crypto as an Asset Class

Wood sees crypto, especially bitcoin, as an important diversifier away from legacy economies and central banks. She describes it as an inflation and deflation hedge. With multiple Bitcoin ETF applications under review, excitement is building around this new asset class.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBusinessCathie WoodcryptoCrypto Exchange
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