Holding 6 Ethereum (ETH) Could Make You A Millionaire, According to Cathie Wood
Discover how holding 6 Ethereum (ETH) could potentially turn you into a millionaire, as suggested by Cathie Wood. While Bitcoin has been in the spotlight due to recent halving and ETFs, Wood believes that Ethereum (ETH) has the potential to catch up and offer significant profits in the near future.
During an investor conference hosted by Ark Invest, Wood discussed Ethereum’s potential, projecting a market capitalization of $20 trillion by 2032. With a current supply of approximately 120 million tokens, achieving a market cap of $20 trillion would result in a per-token price exceeding $166,000. Moreover, ongoing token burns by the Ethereum foundation could drive this value even higher.
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With a price of $166,000 per token, owning six ETH would equate to around $1 million. Presently, acquiring six ETH costs about $20,000.
For perspective, the total market cap of the S&P 500 stands at approximately $40 trillion. Furthermore, the combined value of all above-ground assets in the world…
2024-04-23 09:38:07
Source: finance.yahoo.com