{"id":9924,"date":"2021-09-15T07:08:36","date_gmt":"2021-09-15T06:08:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=9924"},"modified":"2021-09-15T07:08:45","modified_gmt":"2021-09-15T06:08:45","slug":"bitcoin-price-will-increase-by-tenfolds-in-five-years","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-price-will-increase-by-tenfolds-in-five-years\/","title":{"rendered":"Ark Invest’s CEO predicts Bitcoin price will increase by tenfolds in the next five years"},"content":{"rendered":"\n
Cathie Wood, CEO of Ark Investment, believes BTC and ETH values <\/a>will continue to rise as institutions adopt crypto, she also reiterated her prediction that the price of Bitcoin will increase tenfold in the next five years.<\/h5>\n\n\n\n
\"Ark<\/figure>\n\n\n\n

According to Wood, Bitcoin will be worth about $500,000 by 2026. Ark Investment's future \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>crypto exposure, she indicated, will most likely be around 60% Bitcoin and 40% Ethereum.<\/p>\n\n\n\n

Wood made the remarks during a live feed from the SALT Conference in New York on Monday.<\/p>\n\n\n\n

More firms are adding Bitcoin to their balance sheets, and institutional investors are investing roughly 5% of their portfolios to Bitcoin and other cryptos, according to her BTC price thesis.<\/p>\n\n\n\n

Bitcoin, in her opinion, remains the default cryptocurrency, with El Salvador declaring it legal tender and other Central American governments indicating that they may follow suit shortly.<\/p>\n\n\n\n

However, she claims that, as a result of the surge in developer activity linked to NFTs and DeFi, Ethereum is becoming increasingly appealing as an investment.<\/p>\n\n\n\n

\u201cWhat's going on in DeFi fascinates me<\/a> because it's lowering the cost of infrastructure for financial services in a way that I know the traditional financial business doesn't understand right now,” she said.<\/p><\/blockquote>\n\n\n\n

\u201cOur confidence in Ethereum has gone up dramatically as we have seen the beginning of the transition from Proof-of-Work to Proof-of-Stake.\u201d<\/p>\n\n\n\n

Ark Investment manages a number of actively traded exchange-traded funds that specialize in disruptive innovation. Wood has spoken regularly about her love for Bitcoin and has major stakes in Coinbase and shares in the Grayscale Bitcoin Trust.<\/p>\n\n\n\n

Wood believes that no regulator, including new SEC chair Gary Gensler, would want to be responsible for the next big digital innovation based on past experience.<\/p>\n\n\n\n

\u201cI\u2019m very happy he understands crypto and the merits of Bitcoin in particular<\/a> \u2014 he is a regulator though and he is a hardcore regulator.\u201d<\/p><\/blockquote>\n\n\n\n

The SEC's threat to take legal action against Coinbase over the launch of a stablecoin yield product, according to Wood, demonstrates that the crypto industry is evolving faster than authorities can keep up with.<\/p>\n\n\n\n

Coinbase, she believes, should be unconcerned. Wood mentioned how the Ontario Securities Commission (OSC) granted a favourable verdict to Canada's largest Bitcoin and digital asset fund manager to create a publicly traded Bitcoin fund in October 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cathie Wood, CEO of Ark Investment, believes BTC and ETH values will continue to rise as institutions adopt crypto, she also reiterated her prediction that the price of Bitcoin will increase tenfold in the next five years. According to Wood, Bitcoin will be worth about $500,000 by 2026. Ark Investment’s future crypto exposure, she indicated, […]<\/p>\n","protected":false},"author":12,"featured_media":9943,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,23,21],"tags":[948,484,4421],"class_list":["post-9924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-ethereum-news","category-news","tag-ark-invest","tag-bitcoin-price","tag-ethereum-price"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Ark-Invests-CEO-predicts-Bitcoin-price-will-increase-by-tenfolds-in-the-next-five-years.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=9924"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9943"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=9924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=9924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=9924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}