In the final week of February, investment fund FD7 Ventures stated that it intends to dilute $750 million worth Bitcoin (BTC) in exchange for Cardano (ADA) and Polkadot (DOT). In the latest media release, the Dubai headquartered financial behemoth forecasts the price of Cardano and Polkadot to appreciate in a massive manner, roughly by 20x, in the forthcoming 3 years.
If the forecast turns out to be true, then Cardano would be trading at about $20 and Polkadot will be trading at $700. As per Prakash Chand, managing partner of FD7, the development is mainly due to a steep rise in institutional investor interest in promising projects and the significance of ADA and DOT to their environments. Chand details that Cardano, Ethereum and Polkadot will offer path breaking solutions to several sectors:
“In my opinion, these 3 projects are going to start disrupting industries across the board—from Healthcare to Real Estate to Financial.”
The analyst further stated that top tech enterprises such as Tesla will set aside some of their cash reserves in promising ventures such as ETH and DOT. Tesla had already invested $1.50 billion in Bitcoin and has also started accepting the numero uno crypto as a mode of payment. According to Chand, all three ventures will result in mass adoption:
“I am getting calls from institutional investors who weren’t even aware of Cardano and it’s ADA token, but are expressing interest. This is all happening as institutions are just catching up to what Bitcoin is over a decade after it was created. Think about this, Bitcoin was created in 2009 and took it this long for real institutional money to pour in. We even have Bitcoin ETFs now.”
Bitcoin has recording a rising optimism over the past few years, with fresh ventures going live in less than a decade, as per Chand:
“We are on the cusp of mass institutional adoption in crypto. I can tell you, when it comes to Cardano, Polkadot, and Ethereum, the institutional money is not going to wait 10 years this time. Bitcoin has given us the proof of concept that built trust in the market and forged a path for innovative altcoins to scale much faster.”
The core team behind Cardano is actively involved in achieving its “impressive” plan, as per Chand, creating blockchain solutions for addressing real-world issues like “smart contract documentation and financial access for millions of people to banking in African nation states.”
Notably, IOG, the development firm behind Cardano, has joined hands with the government of Ethiopia to execute the world’s largest blockchain based venture.
The project will ensure that millions of people receive a digital ID that is stored on Cardano blockchain, and loans can be easily disbursed. Even medical records will be stored on the blockchain. Chand further stated that the Polkadot covenant, on the contrary, offers a strong environment to create decentralized platforms for Web3.