Bitcoin (BTC) still has price up potential, says the businesswoman.
Ethereum and Solana are on the radar of the investment firm.
Cathie Wood, founder and CEO of the investment firm Ark Invest, predicts that most cryptoactives will disappear in the long term, leaving only a few as survivors. For the businesswoman, Bitcoin (BTC), Ether (Eth) and Solana (Sol) are chosen with potential to endure.
In a interview Extended last weekend, the US executive said These three assets “will succeed” in the long term. “There are millions of cryptoactives out there,” Wood said, to then add: “We believe that most will disappear.”
According to the businesswoman, of the three coins, Bitcoin will be the most shining. This, since it is “a new class of asset” that is backed “by the world’s largest computer network.”
Currently, Bitcoin leads the cryptocurrency market with a capitalization of 2.1 billion dollars. It is followed eth, whose market assessment is calculated in USD 305,000 million. Solana, meanwhile, is the largest cryptoactive, with a capitalization of USD 81.1 billion.
Sol is behind BNB, the cryptocurrency of Exchange Binance, which has a USD 92.5 billion capitalization; of XRP, whose valuation is USD 132.8 billion and USD Tether (USDT), which has a capitalization of USD 154,000 million.
Even so, Wood sees Sol with growth potential, taking into account that the Solana network has come to overcome Ethereum in activity and adoption, determining factors for the durability of a cryptocurrency project.
Wood commented that Ark Invest usually includes ETH in his investments. This, since they consider it A key asset for the financial services revolutionthat she prefers to call “Finternet” or Financial Internet. Solana is also on the radar of the firm, said the executive, highlighting her role in the competition for being native Internet currencies and enabling intelligent contracts.
The executive is not alone in her long -standing vision for BTC, ETH and Sol. The Nikolai Galozi analyst recently said that many cryptocurrencies will disappear, because they function as financial bubbles, except Bitcoin.
In addition, cryptootics has reported numerous projections on the extinction of different cryptocurrencies. Investor Mark Cuban said in 2022 that Only useful networks, such as Bitcoin, will survive.
Among those cryptocurrencies that will disappear stand out the memecoins, which are mostly speculative assets, which will end without value, in the opinion of Wood, who warned a few months ago about the investment in these cryptoactives, as cryptootics reported.
Bitcoin at 1.5 million dollars
On the other hand, Cathie Wood made her own forecast for the price of Bitcoin in the coming years, recognizing that the approval of the BTC -contracted funds (ETF) of BTC in January 2024 “marked an inflection point”, as promoted the interesting interest and adoption of this assetpropelled its market price.
Currently, Bitcoin quote between USD 100,000 and $ 110,000, as seen in this graph. But wood predicts that will reach the USD 1.5 million for 2030promoted by three factors: institutional entry, their role as digital gold and the comfort of young people with this technology.
This projection is less than that previously made by Wood’s signature, which estimated that BTC year will cost 2.4 million dollars, but provided there is a bull context in the marketas cryptonotic reports.
Other specialists share millionaire projections for Bitcoin. Arthur Hayes, Bitmex financial and manager analyst, estimates that BTC will reach one million dollars before 2028.
While Matt Hougan, Bitwise Investment Director, places him in a million by 2029. In addition, Michael Saylor, executive president of Strategy, sees it at 13 million dollars in the medium term.
In essence, there are several reasons to believe in this scenario, including the institutional adoption of BTC, either through the ETFs or through direct investment in this asset by companies and corporations, They see Bitcoin as a treasury asset.
Wood also highlighted the possible use of BTC as a method to face difficult economic contexts, such as emerging or crisis markets. While he clarified that Bitcoin is more a long -term investment “because it is appreciated over time”, He highlighted the role of stablecoins like USDTwhich are backed by bonds of the US Treasury Department.
In his opinion, these assets linked to the dollar “They will be crucial” for these difficulty scenarios. This is so since “they offer stability against unstable fiscal and monetary policies,” in their opinion.
