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<ul> 
 <li>According to Wood, considering the speed of adoption in the sector, Bitcoin (BTC) and the crypto industry could reach a quarter of a quadrillion dollars in the next seven years.</li> 
 <li>According to her, traditional markets are experiencing a “flight to quality” as Larry Fink called it or a “flight to safety” as named by ARK Invest.</li> 
 <li>As of the time of writing, the market capitalization of the crypto industry is around $1.39 trillion, showing a slight decrease of 1.56% during the day.</li> 
</ul> 
<p><strong>Cathie Wood, the CEO of the global investment management firm ARK Invest, examines how the Bitcoin and crypto ecosystem will grow in the next seven years.</strong></p> 
<h2 id="strong-ark-predicts-the-crypto-ecosystem-in-2030-strong"><strong>ARK Predicts the Crypto Ecosystem in 2030</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-129140" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="cathie-wood-bitcoin" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>According to Cathie Wood, the CEO of ARK Invest, the Bitcoin (BTC) and crypto sector could reach a quarter of a quadrillion dollars in the next seven years, considering the speed of adoption in the sector.</p> 
<p>In an interview on CNBC’s ‘Squawk Box’ program on November 14, discussing spot Bitcoin exchange-traded fund (ETF) applications and the crypto ecosystem, Wood said she expected it to be worth $25 trillion by 2030.</p> 
<p>According to her, traditional markets are experiencing a “flight to quality,” as Larry Fink called it, or a “flight to safety,” as named by ARK Invest. This is because there is “no counterparty risk in Bitcoin” and it shows resistance to the banking sector. Wood says:</p> 
<blockquote>
 <p>“Look at what happened during the local banking crisis. Bitcoin almost went from $19,000 to nearly $30,000 while the KRE, which is the local bank index, collapsed. When you look at the bank stock index, it has almost returned to where it was in March.”</p>
</blockquote> 
<p>Wood also believes that the success of leading decentralized finance (DeFi) assets will continue because “most people understand that Bitcoin is a monetary revolution” and it is the first global, private – meaning government-unregulated – digital – very important – rule-based monetary system.</p> 
<h2 id="strong-what-about-the-bitcoin-price-strong"><strong>What about the Bitcoin price?</strong></h2> 
<p>Meanwhile, the price of Bitcoin is currently at $36,580, representing a 1.10% decrease in the last 24 hours. However, the leading crypto asset still maintains a 5.08% gain accumulated in the last seven days and a 35.96% progress from the previous month.</p> 
<p>In terms of the market capitalization of the crypto industry, it is around $1.39 trillion at the time of writing, showing a slight 1.56% decrease during the day but representing an increase of over 30% in the past month and over 65.48% throughout the last year.</p> 
<p>All in all, considering Wood’s optimistic predictions placing the Bitcoin price at $1 million in 2030, she is not alone in such positive estimates. Mike Novogratz, the CEO of Galaxy Digital, also believes that Bitcoin will undoubtedly reach $500,000 within the next five years, as reported by COINOTAG in September.</p> 
<p>The post <a rel="nofollow" href="https://en.coinotag.com/cathie-wood-predicts-the-size-of-the-bitcoin-and-crypto-ecosystem-in-2030/">Cathie Wood Predicts the Size of the Bitcoin and Crypto Ecosystem in 2030!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p> 
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Cathie Wood Predicts the Size of the Bitcoin and Crypto Ecosystem in 2030!

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