Cathie Wood, founder of Ark Invest, known as the “female stock god,” made a new prediction that Trump’s presidency will trigger a wave of acquisitions of new companies and reiterated her belief that Bitcoin will surpass $1 million by 2030.
In an interview with Bloomberg today, Cathie Wood stated that Trump’s election will lead to a wave of private company acquisitions that were previously delayed due to cumbersome procedures. The Federal Trade Commission (FTC) reforms will unleash potential acquisition demand and create “liquidity events” for venture capitalists:
“The FTC has been hindering the progress of acquisitions, but this situation will change. When strategic buyers bid for these innovative companies, we will finally see price discovery and witness the true value of these companies.”
Reaffirming Bullish Outlook on Bitcoin Breaking $1 Million
Cathie Wood also reiterated her bullish scenario prediction for Bitcoin, suggesting that the price of Bitcoin may exceed $1 million by 2030. Under Trump’s leadership, relaxed regulations will accelerate Bitcoin’s growth, supported by supply and demand dynamics as Bitcoin’s total supply is capped at 21 million:
“Bitcoin is becoming rarer than gold. The difference between gold and Bitcoin is that when the price of gold rises, production also increases, and the supply growth rate rises. But this will not happen with Bitcoin.”
It is worth noting that Ark Invest’s Bitcoin predictions have changed multiple times. In February 2023, Ark Invest released a report forecasting three scenarios for Bitcoin prices: the “base scenario” estimated that Bitcoin would reach $682,800 by 2030, the “bear market scenario” projected a price of $258,500, and the “bull market scenario” predicted Bitcoin could rise to $1.48 million.
In March of this year, after the approval of a Bitcoin spot ETF, Cathie Wood stated that the initial target of $1 million by 2030 was too conservative, raising the target price to $1.5 million. Additionally, if institutional investors allocate slightly more than 5% of their portfolios to Bitcoin, the target price for Bitcoin in 2030 could rise to $3.8 million.
Further Reading:
Female Stock God Boldly Predicts Bitcoin to Reach $3.8 Million by 2030, What Does Cathie Wood See?
Cathie Wood has gained fame for her long-term bets on emerging technologies, but has also faced criticism. Her $6.7 billion ARK Innovation ETF has experienced cycles of prosperity and decline. Her predictions on Bitcoin and Tesla have been controversial, but both assets saw significant gains in 2024.
Optimistic about Musk’s Ability to Change the World Faster
Furthermore, Cathie Wood predicts that Tesla CEO Musk’s efforts to reduce government size and scope in the Department of Government Efficiency (DOGE) will be successful. Musk understands the impact of regulatory pressures and barriers:
“He is well aware that if these barriers are removed, his ability to change the world will be faster than it is now.”
After Trump’s election last month, it was announced that Musk and American biotech entrepreneur Vivek Ramaswamy will lead the DOGE department. This move aims to dismantle bureaucratic government organizations, reduce unnecessary regulatory regulations and wasteful spending, and restructure federal agencies.
