Ark Invest CEO Cathie Wood reaffirmed her bullish view on Bitcoin (BTC), predicting it would soar beyond $1 million at the end the decade.
She made the prediction during a Bloomberg Markets interview, in which she attributed Bitcoin’s rising value to its finite supply of 21 million coins and growing institutional interest. She stated that BTC had already exceeded $108,000 by 2024, and would continue to rise in future years.
Wood’s Accordance
“Bitcoin’s scarcity is unmatched.”
Her comments were a further emphasis on its ability to resist inflationary pressures in comparison to other traditional assets, such as gold. Unlike gold, which sees production increase with rising prices, Bitcoin’s supply is fixed, making it an increasingly attractive store of value.
Wood also highlighted that institutional adoption, particularly through Bitcoin exchange-traded funds (ETFs), is amplifying BTC’s appeal and driving broader recognition of its role in the global financial system.
M&A activity to grow under Trump
Wood also forecasted a wave of mergers and acquisitions (M&A) among startups under President-elect Donald Trump’s incoming administration, which has already made several pro-crypto moves.
Wood’s Accordance
“Regulatory barriers have been a significant obstacle for M&A activity, but that is likely to change.”
She cited the expected shifts in Federal Trade Commission policies, which could lower regulatory barriers and create a more favorable climate for private sector deals. She said that these shifts would allow venture-backed businesses to gain access to more liquidity.
Wood said that deregulation would likely lead to a boom in the market as businesses regained the ability to make acquisitions with less oversight. This would prove crucial to startups that are looking for growth opportunities or exits within a rapidly changing economic landscape.
Policy changes that promote cryptography
Wood has welcomed Paul Atkins’ nomination to succeed Gary Gensler, the former chairperson of the Securities and Exchange Commission.
She called the decision a “turning point” for the cryptocurrency industry, and anticipates a more balanced approach to regulation that will accelerate investment and innovation in the sector.
Comparing Bitcoin’s $2 trillion market cap to gold’s $15 trillion valuation, Wood emphasized BTC’s untapped potential and suggested that there is significant room left for growth as global adoption expands.
Wood’s Accordance
“The crypto market remains in its early stages.”
Wood’s dual outlook—Bitcoin’s unprecedented growth and a surge in startup acquisitions—reflects her confidence in a deregulatory environment that fosters innovation and economic expansion.
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