Note that earlier Kathy Wood has already been distinguished by loud statements about the future of Bitcoin. In particular, this year she noted that she still believes in the growth of BTC to the mark of 1.5 million dollars.

Ark Invest CEO Katie Wood

And now that the US authorities are considering the creation of a national cryptocurrency reserve, such a prospect seems likely in the long term.

What will happen to the price of Bitcoin?

Wood posted several tweets the day before, congratulating investors on the momentous occasion. Here is a commentary on the occasion.

Great day for Bitcoin and digital property rights! Incoming SEC Chairman Paul Atkins will free digital assets from the suffocating embrace of Gary Gensler and protect private property rights in the digital world.


Recall that in the week the newly elected US President Donald Trump decided on the candidate for the position of chairman of the Securities Commission. He will be Paul Atkins, with whose opinion on the sphere of coins we dealt in a separate article.

Earlier he recognised that cryptocurrencies need adequate regulation, and the industry itself is very important for the future prospects of the American economy. Therefore, his appointment is a definite positive for crypto.

Wood also mentioned the fact that even the head of the US Federal Reserve Jerome Powell had spoken about Bitcoin the day before. She continues.

Today, Fed Chairman Powell called Bitcoin a virtual digital version of gold. At $2,700, gold represents a $15 trillion market, while Bitcoin’s capitalisation is only $2 trillion. Even after rising above $100,000, BTC is still in the early stages of development.

ARK Invest CEO Katie Wood

According to the Companies MarketCap portal, Bitcoin’s capitalisation as of today reaches the $1.94 trillion mark, and the cryptocurrency ranks seventh in the overall ranking. It has managed to surpass Saudi Aramco, the silver market and Meta in terms of capitalisation. The first place is occupied by gold, while the second and third positions are shared by tech giants Apple and NVIDIA, respectively.

According to Cointelegraph’s sources, Wood does not dwell specifically on the scale of the precious metals market in her prediction. According to her, the potential of the first cryptocurrency is far more far-reaching.

In fact, we at ARK Invest believe that Bitcoin is far more massive in its potential than gold.

Asset ranking by capitalisation

Bitcoin has also become one of the fastest growing assets in human history. While Amazon took 29 years to reach a capitalisation of $2 trillion, Bitcoin did so in less than sixteen years from the launch of its blockchain on 3 January 2009.

Apple, the second most capitalised asset after gold, took almost 42 years to reach the same mark. At its current price, Bitcoin accounts for 52.6 percent of the entire crypto market, with the industry’s total capitalisation reaching the $3.9 trillion line.

😈 MORE INTERESTING STUFF CAN BE FOUND IN OUR YANDEX.ZEN!

However, the Bitcoin exchange rate will not long fluctuate within $100,000. Such an opinion was shared by the founder of Derive Nick Forster, who also expects much greater results from the digital asset.

I don’t think we will see a strong consolidation around $100,000. BTC is still somewhat of a meme asset, and these kinds of psychological barriers tend to attract attention and headlines that bring newcomers into the industry and change the minds of existing participants. This creates additional volatility and upside potential.

MicroStrategy executive chairman Michael Saylor

Forster also expects to see increased capital rotation into altcoins – especially Efirium. According to him, ETH is still “significantly lagging behind other popular digital assets in terms of returns.”

However, the expert noted that Efirium has “historically outperformed” Bitcoin on a number of indicators after reaching previous historical highs or local peaks of the bullish trend.


Note that historical performance is not enough for positive ETH results in the future. Still on this bullrun, the cryptocurrency has already distinguished itself with not the best returns compared to market leaders like BTC, SOL and BNB.

Some analysts believe that Efirium lacks a clear positioning. However, after the mass launches of Layer 2 networks based on Ethos, the focus of attention has shifted to them. At the same time, Ethereum is still characterised by sometimes high fees and low bandwidth.

Ethereum ETH rate changes in 2024

As a reminder, spot ETFs based on Efirium in the US were approved in July this year, but the altcoin steaking clause was excluded from the instruments’ listing agreement. Accordingly, exchange-traded fund issuers cannot send any portion of users’ Ether to increase the overall yield of the investment instruments.

Many experts hope that with Donald Trump coming to power, the situation will change for the better. Well, ETFs on ETH will get a long-awaited opportunity for additional yield, while quite a few other instruments based on other cryptocurrencies will appear on the market.


Previously, analysts have already stated that Bitcoin reaching the $100,000 level will lead to an even bigger bullrun. So far, this seems possible as CNN, FOX News, NBC News, Bloomberg and other giants have written about BTC's fresh record. Of course, this will affect the interest of investors who have not yet had time to purchase the coins.

Look for more interesting things in our crypto chat. There we will talk about other topics about the progress of the current bullrun in the coin sphere.

SUBSCRIBE TO OUR CHANNEL IN TELEGRAM TO KEEP UP TO DATE.