A note from the firm said ether will meet or surpass a $20 trillion market cap by 2030, adding that the price of one bitcoin could hit $1 million.
Highlights
- Ark Invest is forecasting ether will hit a $20 trillion market cap by 2030.
- At that target, ether would be priced around $170,000-$180,000 per coin.
- Ark Invest also predicting the price of a single bitcoin could reach $1 million.
- The new year has pummeled the cryptocurrency market after massive gains in 2021.
- Ether has sunk more than 22% over the last week, and is well off its record near $5,000 in November.
- However, analysts expect crypto to remain under pressure as the Federal Reserve signals continues to signal its hawkish stance for 2022, according to an analyst from the firm’s report.
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Blockchain and Cryptocurrency Is 'Here to Stay and Impossible to Regulate at Large' — CEO of a United Arab Emirates Based Bank