Cathie Wood: Ethereum Will Reach $20 Trillion Market Cap By 2030
Despite the latest drop across the board for cryptocurrencies to start 2022, $ARK Innovation ETF(ARKK.US$ Ark Invest's Cathie Wood is looking towards the long term and sees $Ethereum(ETH.CC$ reaching a $20 trillion market cap by the year 2030.
"As financial services move on-chain, decentralized networks are likely to take share from existing financial intermediaries," a report by Ark Invest says.
Ethereum's blockchain network forms the basis for other developers to create their own cryptocurrencies. Given that specific use case versus bitcoin's utility as a store of value, Ethereum has the potential to "displace many traditional financial services," according to Wood.
"As financial services move on-chain, decentralized networks are likely to take share from existing financial intermediaries," a report by Ark Invest says.
Ethereum's blockchain network forms the basis for other developers to create their own cryptocurrencies. Given that specific use case versus bitcoin's utility as a store of value, Ethereum has the potential to "displace many traditional financial services," according to Wood.
![Cathie Wood: Ethereum Will Reach $20 Trillion Market Cap By 2030](https://ussnsimg.moomoo.com/1659425685639-70040975-android-org.jpg/bigmoo)
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