1 Popular Cryptocurrency to Buy Before It Soars 1,125%, According to Cathie Wood's Ark Invest
The world's largest cryptocurrency has lost almost half its value over the past year.
Overview
Despite a 47% decline from its peak, Bitcoin (CRYPTO: BTC) still has a market capitalization of $1.3 trillion, making it the world's largest cryptocurrency. But Ark Investment Management, which was founded by seasoned technology investor Cathie Wood, thinks it could amass a market cap of $16 trillion by 2030, which is higher than the current value of Nvidia, Apple, and Alphabet combined.
Based on Bitcoin's circulating supply of 20 million coins, Ark's forecast would translate to a price of almost $800,000 per coin, representing a whopping 1,125% gain from its price of $65,300 as I write this. But is that target realistic?
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Originally published at www.fool.com.