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Bitcoin and Ethereum Market Cap Could Surpass Gold: Report – FX Empire


Despite the many flash crashes, market dips, and long-drawn consolidation phases the market’s faith in Bitcoin remains intact.

In a new research report, American investment firm ARK Invest has shared an optimistic price prediction for BTC and Ethereum for the end of this decade, expecting Bitcoin to reach $1 million while Ethereum to value $180K. 

Long-term Optimism Remains

ARK Invest, the investment management firm led by Cathie Wood, has made a bold prediction claiming that the top two cryptocurrencies by market cap could gain further dominance in the remaining decade. As per the firm’s recently released Big Ideas (BIS) 2022 report, the price of Bitcoin could skyrocket to $1 million by 2030 while Ethereum could see its market capitalization at $20 trillion. 

Price Still Needs a Push

Despite the ambitious long-term predictions given by ARK Investment, Bitcoin and Ethereum’s short-term trajectory still looked shaky. While Bitcoin seemed to recover from the recent weekend losses charting close to 15% price gains in the last three days, BTC’s price was still below $40K. 

Source: FXEMPIRE

For now, Bitcoin’s one-year forecast as per Wallet Investor was $64,414 which was lower than BTC’s last all-time high of above $69,000 while the king coin’s five-year forecast was $179,383.

With the larger market still looking volatile Bitcoin’s short-term future in terms of price appreciation still looked shaky. However, once BTC’s price establishes above $50K the coin could gain quick momentum in the mid-short term.



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