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.