Ark Investment Management CEO Catherine Wood said that BTC capitalization must be at least 2 trillion in order to approve a Bitcoin ETF.
A rough calculation shows that in this case, bitcoin needs to get to the price of $ 100,000 per coin.
Wood believes that the US Securities and Exchange Commission (SEC) will not deal with an asset below these numbers, and the market will not be able to meet demand.
P. S: Ark Investment Management specializes in investment in innovative technologies and is one of the largest clients of Grayscale.
