ARK Investment Management LLC, an American investment management firm, released a report in which the firm claimed that Bitcoin will reach $1 million by 2030 despite the bearish downtrend that it is facing right now.

Furthermore, the ARK report also claims that Ethereum will reach a market cap of $20 trillion during the same time. The total supply of ETH is capped at 120 million, and roughly, ETH is expected to burn 1 million coins annually, raising the prices. By the end of the decade, as ETH pushed to ETH 2.0, the supply will be reduced to 110 million, which would mean that ETH would be at a price of $180,000, as per the report from ARK.
“Bitcoin’s market capitalization still represents a fraction of global assets and is likely to scale as nation-states adopt it as legal tender. According to our estimates, the price of one Bitcoin could exceed $1 million by 2030.”The firm made a bold statement about Etheruem, which according to ARK, “could displace many traditional financial services, and its native token, Ether, could compete as global money.”
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If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.