Katie Wood names the date when the value of the Ethereum cryptocurrency will rise to $ 160,000

Katie Wood, CEO of Ark Invest, is known for her optimistic stance on the cryptocurrency segment. On social media, she confirmed her long-term forecast for Ethereum. In her opinion, the main altcoin will be able to catch up with bitcoin in the future. She believes that by 2032, its market capitalization will reach an impressive $ 20 trillion.

Based on current values, the main altcoin should be trading steadily above $ 160,000 by then. Justifying her views, Katie Wood emphasized that Ethereum is more advanced in terms of technology compared to bitcoin. At present, ETH remains the most popular platform for deploying smart contracts and decentralized programs of any complexity.

Ethereum is currently trading at just over $ 3100. In March, the main altcoin reached the $ 4000 mark, but after that it started a deep decline. This coincided with geopolitical tensions in the Middle East, which caused investors to flee any high-risk assets. Instead, they focused on diversification and started investing in traditional financial instruments.

Regarding bitcoin, in late March, Wood suggested that BTC could rise to $ 3.8 million. Speaking about her latest prediction, Wood noted that such an astronomically high price would be achieved if institutional participants allocated at least 5% of their portfolios to the largest cryptocurrency. Without giving a specific timeframe, Wood believes that this will happen sooner or later.

Ark Invest was one of the firms that managed to get permission from the US Securities and Exchange Commission to launch a spot bitcoin ETF in January. After the product launch, Wood predicted that bitcoin would continue to displace the gold market, as there is now a much easier way to access the leading cryptocurrency.