Ark Invest: Bitcoin $1M Ethereum $180K By 2030
(Edited)
Ark Invest is optimistic about both Bitcoin and Ethereum. In their "Big Ideas 2022" Report.
In this video I discuss the basis of how they view things and how they use the backdrop to come to these conclusions. While they are some big numbers, there is a basis for arriving at this end.
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At this point, we know that Bitcoin and Ethereum are basically already taken over by the institutional investors. What regular average Joe or Jane can afford to pay the ETH gas fees just to play in the ETH world? So I totally agree that institutions and banks will be taking over Ethereum and Bitcoin for the most part which will pump those prices. But there is so much other development going on in this space on all these other chains, they won't have the major market share for that long... Already looking at what the Cosmos ecosystem alone is doing, not to mention what we have here on Hive. They are only in the limelight because being the first movers in their space, but hey, if you are still sitting on some, you will not be sorry.
Reblogging for the https://coin-logic.com community.
Ethereum might figure out the fees. However, even that doesnt change the fact that it is taken over and will not go back.
I have some of both tokens and am HODLing. We are going to see higher numbers in my opinion simply because the big money players want it at some point.
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I think the numbers might be a bit too big but it is possible. She did get the numbers correct when Tesla started exploding upwards but I still think that the numbers she is calling is a bit too big. However if we do see BTC double every year, it isn't too far off.
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Hard to argue that this is not aggressive. It could be a major overshoot but Wood has the reputation of going big and being right. Okay it was just Tesla but she was laughed at for her call there.
Turns out she and her team was right.
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Such an huge investment anyone can take upon if enough money....
Great. If Hive is 100$ till 2030 I agree with their report!
Summary:
In this video transcript, Task discusses ARK's outlook for 2022 investments, emphasizing their bold price predictions for Bitcoin and Ethereum by 2030. ARK predicts Bitcoin reaching $1 million and Ethereum hitting $180,000. Task explains that ARK's viewpoint integrates blockchain as part of a broader technological shift across different sectors, such as genome sequencing and renewable energy. He delves into the comparison between blockchain's potential role and the internet's evolution, highlighting how blockchain could become the conduit for various financial markets. Task acknowledges ARK's optimism for Bitcoin and Ethereum, attributing potential growth to factors like corporate adoption, the remittance market, and Ethereum's dominance in decentralized finance (DeFi). He also mentions the likelihood of established financial institutions, like banks and hedge funds, influencing Ethereum's value. Task reflects on the views of ARK Investments and likens their approach to that of other money managers like Mike Navigrantz and Raoul Pal, who also focus on prominent cryptocurrencies. He concludes by recommending viewers to consider investing in Bitcoin due to its long-term growth potential.
Detailed Article:
In this episode, Task explores ARK’s investment outlook for 2022, with a specific focus on their ambitious price predictions for Bitcoin and Ethereum by 2030. ARK projects Bitcoin to soar to $1 million and Ethereum to reach $180,000, which Task finds striking and delves into the implications of such astronomical figures. He elucidates ARK’s holistic perspective on blockchain technology, incorporating it into a broader narrative of technological advancements spanning genome sequencing, artificial intelligence, and renewable energy. Task underscores ARK’s belief in blockchain's transformative potential, akin to the internet's evolution from a media extension platform to a pervasive connector of various sectors.
The conversation shifts towards the significance of Bitcoin and Ethereum in ARK’s projections. Task scrutinizes the key drivers behind ARK’s optimism, including Bitcoin’s growing presence on corporate balance sheets and its position as a dominant player in the remittance market. He speculates on potential collateralization of Bitcoin holdings by Wall Street entities, foreseeing a plausible shift towards using Bitcoin as collateral in financial transactions. Task also touches upon Ethereum’s role in the DeFi sector, suggesting that traditional financial institutions will gravitate towards Ethereum-based applications, propelling its value to $180,000.
Task reflects on ARK’s positive outlook on blockchain and cryptocurrencies, particularly Bitcoin and Ethereum, drawing parallels to the views of other prominent figures in the finance realm such as Mike Navigrantz and Raoul Pal. He highlights the inevitability of mainstream institutions investing in major cryptocurrencies like Bitcoin and Ethereum due to their influence and market dominance. Task concludes by advising viewers to consider investing in Bitcoin as per ARK’s projections, hinting at the potential for substantial returns over the long term.
In essence, this episode provides a nuanced exploration of ARK’s bullish predictions for Bitcoin and Ethereum, shedding light on the broader implications of blockchain technology and the transformative impact it could have on various industries in the coming years. Task’s analysis offers valuable insights into the evolving landscape of cryptocurrencies and the role of major players like Bitcoin and Ethereum in shaping the future of finance and technology.