Cathie Wood, founder and CEO of investment firm Ark Invest, predicts that most cryptoactives will disappear over the long term, with only a few remaining survivors. For businessmen, Bitcoin (BTC), Ether (ETH), and Solana (SOL) have the potential to withstand.
In an interview released last weekend, US executives said These three assets will be “successful” in the long term. “There are millions of cryptographic effects there,” Wood said. He then added: “I believe most of them will disappear.”
According to the businessman, of the three coins, Bitcoin will shine the most. This is because it is a “new class of assets” supported by the world’s largest computer network.
Bitcoin is currently leading the cryptocurrency market Capitalization of $2.1 billion. According to ETH, its market valuation is calculated at US$350 million. Meanwhile, Solana is the biggest cryptographic effect, with capitalisation of USD 81.1 billion.
SOL is behind BNB, an exchangeable cryptocurrency with USD 92.5 billion capitalisation. The XRP is valuated at US$132.8 billion and USD Tether (USDT), with capital of US$1540 million.
Still, Wood believes Sol has growth potential and decides the factors behind the durability of cryptocurrency projects, taking into account the Solana Network has come to overcome Ethereum in its activities and recruitment.
Wood commented that Ark Invest usually includes ETH in his investments. This is because they consider it Key assets of the financial services revolutionthat she likes to call “Finternet” or the financial internet. Solana is also on the company’s radar, the executive said, highlighting her role in the competition that allows for intelligent contracts, a native internet currency.
The executive is not alone with a long, outstanding vision of BTC, ETH and SOL. Analysts at Nikolai Galozi recently said many cryptocurrencies will disappear as they will act as financial bubbles except Bitcoin.
Additionally, Cryptootics reports numerous projections on the extinction of different cryptocurrencies. Investor Mark Cuban said in 2022 Only useful networks such as Bitcoin survive.
As reported by Cryptootics, the timber opinion that warned about investments in these cryptoactives a few months ago highlights Memecoins, mostly speculative assets.
$1.5 million Bitcoin
Meanwhile, Kathy Wood has predicted her own Bitcoin price over the next few years. It promoted the interesting interest and adoption of this asset.promoted that market price.
Currently, as seen in this graph, Bitcoin is cited between US$100,000 and $110,000. But the wood predicts that It will reach USD 1.5 million in 2030was facilitated by three factors. Institutional entry, role as digital gold, and the comfort of young people using this technology.
This projection is less than previously produced by Wood’s signature, which estimated to cost $2.4 million in BTC. If there is a Bull context in the marketas reported by Cryptonotic.
Other experts share Bitcoin billionaires’ predictions. Bitmex Financial and Manager analyst Arthur Hayes estimates BTC will reach $1 million before 2028.
Matt Hougan, Bitise Investment Director, will place him at 1 million by 2029. Additionally, Strategy executive president Michael Saylor is looking at $13 million over the medium term.
Essentially, there are several reasons to believe this scenario, such as the institutional adoption of BTC through ETFS or direct investments in this asset by a company or by a company. They view Bitcoin as a financial asset.
Wood also highlighted the possibility of using BTC as a way to face difficult economic contexts, such as emerging and crisis markets. He made it clear that Bitcoin is a longer-term investment, because it has been highly valued over time.” He highlighted the role of stub coins like USDT.supported by US Treasury bonds.
In his opinion, these assets are linked to dollars “They are very important” for these difficulty scenarios. This is in their opinion since “providing stability against unstable fiscal and monetary policy.”