Ark Invest fund recently realized profitably on Coinbase shares. He took advantage of the cryptocurrency company’s capitalization growth to a one-year high.
Ark Invest CEO Katie Wood represents the camp of bitcoin and blockchain industry supporters. She said this week that the cryptocurrency will grow in the coming years.
And the growth could become explosive if institutional capital enters BTC. By 2030, bitcoin could reach $1.5 million.
One of the factors that will stimulate the rally is the deepening banking crisis in the United States.
Kathy Wood emphasized that BTC has already attracted up to 50% of gold’s market capitalization.
Institutional investors hold about 6.5% of their funds in the digital currency. The turnover of BTC in emerging markets has increased dramatically in recent years, the head of Ark Invest noted in an interview with Bloomberg.
Bitcoin is seen as a tool to minimize inflation risks.
If the number of retail and corporate investors starts to move more actively into the cryptocurrency, its value will continue to grow.