Cathie Wood Expects Ethereum To Hit $170k Per Coin By 2030

Not only will Ethereum hit a $20 trillion market cap at a price of $170k-$180k per coin in the next 8 years, but Bitcoin will also be priced at around $1 million per coin, according to Cathie Wood.

With Ethereum currently hovering around $2,500 per coin it would have to jump 7,200% in order to reach that price target, or 900% per year.

Although the entire crypto market has fallen dramatically in the past 2 months Cathie is still extremely bullish. Here is a quote from her recent Ark Invest report:

“Ethereum could “displace many traditional financial services” as decentralized finance gains traction, laying the groundwork for ether — ethereum’s native token — to compete as a global currency. 

As financial services move on-chain, decentralized networks are likely to take share from existing financial intermediaries. Ark Invest predicts ether will be a primary beneficiary of this shift. “

Cathie Wood, Ark Invest

As inflation continues to get worse globally, crypto adoption will become more popular and Bitcoin as well as Ethereum will receive most of the attention with a handful of alt-coins on the side.