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The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only attract more institutions to the BTC market over time, ARK Invest CEO Cathie Wood believes.

Wood shared her thoughts on BTCs recent price surge in a March 21 Bloomberg interview, stating its price behavior through the crisis is going to attract more institutions.

The fact that Bitcoin moved in a very different way from the equity markets, in particular, was quite instructive, she added.

Institutional interest in Bitcoin may have already arrived, according to Oliver Linch, the CEO of Seattle-based crypto exchange Bittrex.

Linch noted in a March 21 interview on The Wolf Of All Streetspodcast that many big banks bought into crypto as an investment product well before the recent banking crisis:

However, he said that theres still a divide between traditional financial institutions and crypto firms, which has caused headwinds in institutional adoption over the last few months.

Historically, those big players have been the biggest drivers of innovation, he said, adding that the two sides are currently stuck in a bit of a rut and that the big change wont happen until they stop fighting for superiority.

As for the impact on Bitcoins price from the institutional interest, Wood explained in the interview that ARK Invests $1-1.5 million BTC price prediction by 2030 was made on the back of an institutional investor BTC allocation analysis, which estimates most firms would allocate between 2.5% to 6.5% to BTC in their investment portfolios.

These are the sorts of allocations that they would have made to emerging, new categories of assets like real estate in the 70s and small caps in the 80s and 90s, Wood added.

Related: Bitcoin holds $28K due to spot buying, but institutional investors are still selling

Linch, on the other hand, believes that aggressive institutional adoption will come when opportunities become more easily identifiable:

Positive sentiment has surrounded Bitcoin following the collapses of Silvergate, Silicon Valley Bank and Signature banks. BTC has surged 43.6% since its most recent low on March 11, compared with a 25.3% increase in the broader crypto market over that time, according to CoinGecko data.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

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Bitcoins banking crisis surge will attract more institutions: ARKs Cathie Wood - Cointelegraph