According to ChainCatcher news and a report from CoinDesk, Ark Invest CEO Cathie Wood stated in an interview with CoinDesk: 'ARK's bullish prediction for Bitcoin still far exceeds $1 million in five years. I believe the greater driving force now is its role as an entry point for institutions into digital assets, as well as a substitute for gold as a store of value; our view on this has not changed at all.'
ARK has predicted that Ethereum will become the institutional protocol, and this prediction is now being realized: Coinbase and Robinhood's L2 solutions are both based on Ethereum; the growth of stablecoins is mainly concentrated on the Ethereum network; unlike Bitcoin, Ethereum's treasury companies offer utility and staking functions; although Ethereum's transaction costs are higher and its speed is slower, it provides a higher degree of decentralization and security. ARK ETF will play an important role in ETH and has already invested in Tom Lee's ETH treasury company BMNR to gain utility and staking functions.
