Ethereum at $180,000 (+7400%) by 2030, and BTC at $1 million predicts Ark Invest

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Investing.com – In a report released yesterday, Ark Invest, the well-known management company run by star investor Cathy Wood, posted particularly optimistic long-term forecasts for the and the .

In its report entitled “Big Ideas 2022”, Ark Invest indeed predicts that the total capitalization of ETH will reach 20,000 billion dollars by 2030, more than 68 times the current capitalization. This would correspond to a unit price of around $180,000 for ETH, compared to around $2,400 currently.

DeFi at the center of Ark Invest’s bullish scenario for Ethereum

To explain this ambitious forecast, the report discusses how quickly the Ethereum network has grown in utility and efficiency. Much of the growth over the past two years has come from decentralized finance (DeFi).

“Decentralized finance promises more interoperability, transparency and financial services while minimizing intermediary fees and counterparty risk” can we read about it in the report.

Smart contracts and decentralized applications on Ethereum “usurp traditional financial functions at the margin” according to Ark, who points out that banking and lending, exchanges, brokerages, asset management, insurance and commodities derivatives can all be found on smart contracts based on the Ethereum network.

Bitcoin over $1 million in 2030?

On bitcoin, the report also anticipates a strong bullish view, forecasting a capitalization of $28.5 trillion by 2030, noting that BTC is “likely to grow as nation states embrace it as legal tender”.

This would correspond to a unit value of over $1.3 million per Bitcoin.

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