Analysts at investment firm ARK Invest have predicted that by 2030 the price of Bitcoin could hit $1.36 million and the capitalization of Ethereum $22.5 billion, Wu Blockchain has reported.
According to the company's analysts, the price of Bitcoin could rise driven by expectations of its legalization by states as legal tender, as El Salvador has recently done, as well as by growth in relative share of global asset capitalization.
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The firm's analysts have cited the "healthy" network metrics of the Bitcoin blockchain. Specifically, they have referred to growth in the number of Bitcoin accumulation addresses. Analysts have estimated the volume of blockchain value transferred in 2021 grew by 463% to $13.1 trillion, 20% more than the volume of Visa payments.
According to the company's experts, over the next 10 years, Bitcoin's capitalization could grow 25.9 times, to $28.5 trillion. During the same period, Ethereum's capitalization could grow 56 times, to $22.5 trillion.