Ark Invest CEO, Cathie Wood, shared her thoughts once again in her presentation at the Bitcoin 2022 Conference that the leading cryptocurrency Bitcoin can reach price levels of $ 1 million by 2030.
Known to be a staunch Bitcoin advocate, Cathie Wood drew attention to the increasing institutional adoption rate for Bitcoin. Wood also said his long-term price expectation once again. Wood pointed to the price levels of $ 1 million on behalf of the leading cryptocurrency Bitcoin's 2030 price target.
Galaxy Digital CEO Mike Novogratz, who shared his ideas that Bitcoin will reach the price levels of $ 500,000 in 5 years in the past, also stated at the Bitcoin 2022 Conference that BTC could exceed the price levels of $ 1 million in the long run.
Ethereum Will Lead the Bull, According to Analyst
Popular crypto analyst Altcoin Psycho, in his statement that he made days ago and updated yesterday, emphasized that ETH price can rise very quickly if the right conditions are met. The analyst stated that "copy and paste L1" projects have a period of about 1 year to stay behind this rise. According to the famous name, this period is stated as "maximum".
Psycho stated that as Ethereum replica projects die, more attention will be focused on ETH. Stating that the transition from ETH 1.0 to ETH 2.0 will create excitement, the experienced analyst emphasized that this has not been priced yet. According to the analyst, this situation can be described as sad for already Proof-of-Stake-based altcoins like Cardano, and pleasing for ETH. Looking at the previous 2013, 2017 and 2021 rallies, it is seen that the general movement in all of them was initiated by ETH. Psycho is assertive in this regard and thinks that a similar move can be seen again and that Ethereum will lead the bull.