"Bull Queen Reiterates Bitcoin Will Rise Above $500,000, Bullish on Ether

At the conference, Cathie Wood also expressed her bullishness about the upside potential of ethereum. "There has been an explosion of ethereum developers due to the recent boom in NFT and Defi." She added that the allocation between bitcoin and ethereum should be 60%/40% in a cryptocurrency portfolio.

So far this year, Ether has risen more than 350%.