BTC lost 60% value in 2022 and is currently 75.65% down from its all-time high.
Eth also lost 70%, and the index of the top 100 coins lost 65%.
Cathie Wood’s portfolio is down by 60%.
Everyone was excited about the future of the crypto industry by the end of 2021. BTC came from its all-time high of $68,789.63 on November 10, 2021. The emotions were so exhilarating that people predicted that Bitcoin might cross the $100,000 mark soon. But sadly, the market went down. The industry suffered due to crypto winter, Terra ecosystem collapse, FTX implosion and the contagion effect that followed. Implying that the projection went seriously wrong as the crypto leader lost 60% of its value in 2022.
Ark Invest’s Cathie Wood was among the supporters of the claim of BTC touching $100,000 by 2030.
An analyst from Cathie Wood’s Ark Investment Management stands by the firm’s prediction that the price of #Bitcoin $BTC will surpass $1 Million by the year 2030. pic.twitter.com/q5CdpO7COZ
— Ba
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