Cathie Wood again, launching one of her predictions.
Perhaps she is given too much credit thanks to her outspoken defense of Bitcoin and the crypto world. And she is certainly no stranger to incredible stories about the world that we follow on the pages every day Cryptocurrency.it. However, given that he has an incredible array of ETFs in the approval process and that he is still being invited to A-list salons, it will still be worth talking about.
Who is on the virtual stage of our magazine? Cathie Wood, who runs ARK, and who predicted a value of 25,000 billion for the entire crypto sector 2030. That’s not exactly a new figure for Aunt Kryptobut which today assumes a completely different ratio in which the market appears permanent positive trenddespite today’s corrections.
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Cathie Wood, her again
Yes, Cathie Wood is no stranger to predictions that can tickle the lowest instincts of investors in the Bitcoin AND crypto. At the helm of ARK, he also tours high circles of financial information and thus can wield a powerful megaphone for his forecasts.
Last? The crypto and Bitcoin sector will be worth at least $25 trillion by 2023, a 17-fold increase from current prices. An increase that will most likely be intercepted by, among other things, the best projects of today and someone who has certainly not been born yet.
See what happened during the regional banking crisis. Bitcoin went from $19,000 to around $30,000 as the KRE, an index of regional banks, imploded. If you look at the bank index today, it is close to the March values.
Part of Cathie Wood’s analysis therefore points to further difficulties for the banking system, at least in United States, which between now and 2023 could offer further insights into Bitcoin and consequently the rest of the market. Will he be right? Who knows: it is not the first time that Cathie Wood, who has important interests in the game, gives gloomy forecasts for the economy and certainly less gloomy for the crypto sector.
Is he right? Could be. True, there are many factors to consider
Based on the interests your company has in the sector. ARK already has several active ETFs and is waiting for the activation of at least two places, one on Bitcoin and one on Ethereum and also focuses a lot on companies like Coinbase.
It is, therefore, not an opinion devoid of interest, which must be emphasized both when the detractors speak and when the detractors speak moon boyor in the case of Cathie Wood, the moon’s aunt.