Ark Investment Predicts Huge Rise in BTC and ETH Price
Ark Investment has expressed confidence in the growth of BTC and Ether, stating that Ethereum’s NFTs and DeFi development will boost its value. The CEO Cathy Wood predicts that BTC price will rise tenfold in 2026, citing that more companies will continue to add BTC to their sheets and brokers will have an increased percentage of their BTC portfolios. Wood revealed this at the SALT Conference in New York.
Wood Predicts BTC to Hit $500,000 in the Next Five Years
Owing to the recent development of the DeFi space and value, Wood gave her prediction at the conference that the popular crypto will rise to approximately $500,000 in the next couple of years. The CEO said that her company sees a bright future in the crypto industry and will look forward to investing in BTC and the popular altcoin more. According to Wood, more companies will add BTC to their sheets, and investors will allocate an estimated 5% of their portfolios towards the famous crypto and others. That will shoot the price of BTC further up.
At the conference, Wood revealed that Bitcoin remains the emblem currency of the virtual currency space. With El Salvador adopting it as legal tender in early September, other countries in the region may follow suit sooner the later. She added that Ethereum is continually attracting investors day by day as an investment opportunity, thanks to non fungible tokens. As a result, her confidence and that of her company have gone up dramatically.
Wood, a Bitcoin enthusiast, has spoken countless times about how Bitcoin and the crypto industry will improve the traditional financial system. In August, institutional backers like Tesla, Wells Fargo, MicroStrategy, and other wealth management companies almost pushed the price of BTC to $50k. Wood may be right about BTC surging far more than what it is currently. With more support from management companies and institutional brokers, BTC could hit the predicted mark.
Wood stated that her past experiences led her to believe that no regulator, including the SEC, will prevent the big tech breakthrough in the financial sector. She believes that SEC’s approach in regulating the crypto space is unideal and disrespectful, highlighting the recent brouhaha with Coinbase regarding the launch of its high yield product. She revealed that the regulator may not be able to keep up with the current pace of the crypto space.
Wood ended up advising Coinbase not to get worried about SEC’s threat, referencing how Canada’s SEC ruled in the favor of a Canadian BTC and Asset Management Company to launch a BTC Fund.
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