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Benzinga
Benzinga
Business
Madhukumar Warrier

Cathie Wood's Ark Sees Ethereum Rising Above A Whopping $20T Market Cap In Next 10 Years

Cathie Wood-led Ark Investment Management says that the market capitalization of Ethereum (CRYPTO: ETH) could exceed $20 trillion in the next ten years.

What Happened: In a research report titled “Big Ideas 2022,” ARK analyst Frank Downing and research associate Nishita Jain noted that Ethereum emerged as the predominant smart-contracts platform for decentralized finance (DeFi) and non-fungible tokens (NFTs) last year.

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