From Nasdaq: 2024-04-16 07:30:00

Ark Invest’s Cathie Wood predicts Bitcoin’s price will hit $1.5 million by 2027, fueled by ETF approvals, institutional purchases, and the upcoming halving. Wood also forecasts Ethereum could soar to $166,000 by 2032. Ethereum differs from Bitcoin with its flexibility and energy-efficient mining method. Ethereum’s catalysts include being on New York’s pre-approved crypto list and its potential for financial transactions and decentralized apps. Despite SEC skepticism, Ethereum’s token burning and network upgrades could stabilize its price. Wood’s bullish prediction should be taken with caution, as past performance of Ark Innovation ETF has been mixed. Investors can consider other stocks recommended by the Motley Fool Stock Advisor team.



Read more at Nasdaq: 1 Top Cryptocurrency to Buy Before It Soars 5,000%, According to Cathie Wood