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Highlights
- CEO of a prominent investment firm has predicted bitcoin will be worth a million dollars in the near future
- Bitcoin held steady overnight, climbing just half a per cent to just above US$41,500
A prominent investment firm CEO has predicted bitcoin will be worth a million dollars in the near future.
Cathie Wood, the chief executive of US-based investment management firm Ark Invest, told the Bitcoin 2022 conference in Miami this week that Bitcoin would reach the million dollar mark by 2030.
Wood said she believes more and more people will start investing in Bitcoin as it acts as a hedge against inflation.
This is despite the fact Bitcoin has plunged by 27 per cent in the last year while inflation has been on the increase.
Market News
Bitcoin held steady overnight, climbing just half a percent to just above US$41,500.
Meanwhile, Ethereum also jumped just 0.20 percent to US$3,086.
Altcoin News
Top crypto exchange Coinbase has announced that it is launching a beta version of its upcoming non-fungible token marketplace.
The exchange announced in a blog post that beta testers will now be able to create a Coinbase NFT profile to buy, sell, and trade NFTs minted on the Ethereum blockchain using a crypto wallet.
Also Read: ZRX crypto surges over 50% with massive volume, here's why?
However, Coinbase has said that only users who had previously signed up for the waitlist are able to be beta testers, which numbers only a handful.
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Data Source: CoinMarketCap.com, based on top 100 cryptos.
Note: Growth from the 24 hours prior to 12:30pm AEDT
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