- Cathie Wood says the crypto market cap will reach $25 trillion.
- Bitcoin and Ethereum will lead this massive upsurge.
Cathie Wood is one of the most prominent figures in the crypto industry. So, according to her, the crypto market is showing signs of hitting new levels in the near future. One of the metrics that will receive the effects is the market cap. She expects the market cap to reach a whopping $24 trillion.
Cathie Wood Makes Wild Prediction About Crypto
- Cathie Wood is one of the major executives of major investment firms who is always vocal about her support for the crypto industry. So, she recently made a prediction about the crypto industry reaching a new all-time market cap high. In a recent interview with CNBC’s “Squawk Box,” Cathie Wood said the crypto market cap could reach $25 trillion.
- She said many other things regarding this prediction. So, according to her, some cryptocurrencies will drive these massive uprisings for the crypto industry. Cathie Wood said Bitcoin and Ethereum are the two cryptocurrencies that will lead this upsurge to a $25 trillion market cap.
Massive Growth From the Crypto Market Since October
- While Cathie Wood might be making her predictions, the fact is that the crypto market made mad leaps since October. So, data shows a massive increase in the market capitalization of the whole crypto market. According to data from Coingecko, there was a massive increase in the entire crypto market cap by 35%. So, that’s an upsurge from $1.096 trillion on October 15th to a current value of $1.4828 trillion.
- Cathie Wood still believes it won’t end here for the crypto market. So, the Ark Invest CEO didn’t particularly give a date when the crypto market will experience this growth. All she said during her CNBC’s “Squawk Box” interview was the crypto market’s potential to reach $25 trillion. So, if this should happen, it means that the crypto market will have a growth of a whopping 1,585% from its current level.
How Other Predictions From Cathie Wood Are Faring
- This is not the first time Cathie Wood is making a prediction in the crypto industry. So, the CEO of Ark Invest is very fond of making a lot of predictions about the crypto industry. There was a time in 2021 when she said Bitcoin would climb more than 10 times its value in the next five years. So, at the time when she made this prediction, the asset was still trading around $50,000.
- During the interview, the host of Sqwauk Box, Andrew Ross Sorkin, questioned Wood if she still stands by her predictions. So, the conversation was, “If we have this conversation in ‘25, ‘26, are you on track?” Sorkin asked. “Yes,” Wood replied.
Conclusion
Cathie Wood, the CEO of Ark Invest, is back with another prediction about the crypto industry. So, according to her, she expects that the crypto market cap will reach $25 trillion in the near future. She also said that Bitcoin and Ethereum will be the two cryptocurrencies leading this massive surge.
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
