CoinVoice has recently learned that, according to CoinDesk, Ark Invest CEO Cathie Wood stated in an interview with CoinDesk: 'ARK's bullish prediction for Bitcoin is still far beyond $1 million within five years. I believe the bigger driving force now is its role as an entry point for institutions into digital assets, and as an alternative to 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: both Coinbase and Robinhood's L2 solutions are based on Ethereum; the growth of stablecoins is primarily concentrated on the Ethereum network; unlike Bitcoin, Ethereum's treasury companies provide utility and staking functions; although Ethereum has higher transaction costs and slower speeds, it offers a higher degree of decentralization and security. ARK ETF will occupy an important position in ETH and has already invested in Tom Lee's ETH treasury company BMNR to gain utility and staking functions.
