#Write2Earn Top Cryptocurrency to Buy Before the Market skyrocket 1,100%, According to Cathie Wood's Ark Invest

The dominant cryptocurrency, Bitcoin (BTC -0.69%), currently accounts for 51% of the entire crypto market by value, which itself is worth about $1.65 trillion. Bitcoin's dominance has ranged from 40% to 60% market share over the last three years.

Building on that, Cathie Wood's Ark Invest -- an asset management firm focused on disruptive technologies like blockchain -- believes the cryptocurrency market could be worth $20 trillion by 2030. That implies about 1,100% upside from its current level, and it implies substantial Bitcoin price appreciation.

Specifically, if the broader cryptocurrency market reaches $20 trillion by 2030 and Bitcoin still accounts for 40% to 60% of that total, then the implied upside for the crypto falls between 840% and 1,400%.

Before casting that estimate aside, consider what other asset classes are worth. The global fixed-income market is valued at $130 trillion, the global stock market is valued at $110 trillion, and above-ground gold reserves are valued at $14 trillion. In that context, a $20 trillion cryptocurrency market is plausible.

Bitcoin is already in greater demand than other digital assets, as evidenced by its dominant position in the cryptocurrency market. Furthermore, while digital wallets from PayPal, Block, and MercadoLibre allow users to buy select cryptocurrencies, only Bitcoin is accessible across all three fintech platforms.

Demand extends beyond retail traders. A survey from consulting firm PwC found that institutional exposure to digital assets continued to increase in 2023, just as it did in 2022, and that Bitcoin and Ethereum remained the most popular digital assets by a wide margin.