Ark Invest CEO Kathy Wood reiterated his bullish outlook on Bitcoin (Bitcoin) predicts that it will rise from the past 1 million dollars By the end of the decade
He made this prediction during one of Bloomberg's markets interviewin which he increased the value of Bitcoin to a limited supply of 21 million coins and Increasing organizational interest. He noted that Bitcoin has surpassed $108,000 in 2024 and will continue to grow in the coming years.
According to Wood:
“Bitcoin scarcity is unique.”
He also emphasized its resistance to inflationary pressures compared to traditional assets such as gold. Unlike gold, which sees production increase as the price rises, the supply of Bitcoin is fixed, making it an increasingly attractive store of value.
Wood also stressed that institutional adoption, particularly through bitcoin exchange-traded funds (ETFs), will strengthen bitcoin's appeal and create wider recognition of its role in the global financial system.
M&A activity grows in the Trump era
Wood also predicted a wave of mergers and acquisitions (M&A) among startups under the president-elect. Donald Trump's The incoming government, which has already made several pro-crypto moves.
According to Wood:
“Regulatory barriers have been a significant barrier to M&A activity, but that is likely to change.”
He pointed to expected changes in Federal Trade Commission (FTC) policies that could lower regulatory barriers and create a more favorable environment for private sector deals. Such changes could allow venture-backed companies to access new liquidity opportunities, he added.
Wood added that the anticipated deregulation could increase market activity as companies Regain freedom Participation in limited unsupervised purchases. He argued that this would be critical for startups looking for opportunities to grow or exit in a dynamic economic landscape.
Encryption-friendly policy changes
Wood welcomed the nomination Paul Atkinsa well-known advocate for digital assets, to be replaced Gary Gensler As chairman of the Securities and Exchange Commission (SEC).
He described the move as a turning point for the crypto industry and envisions a more balanced regulatory approach that could accelerate innovation and investment in the sector.
Comparing Bitcoin's $2 trillion market cap to gold's $15 trillion market cap, Wood underscored bitcoin's untapped potential and suggested that significant room remains for growth as global adoption expands.
According to Wood:
The crypto market remains in its infancy.
Wood's dual vision—Bitcoin's unprecedented growth and the rise of start-up acquisitions—reflects his confidence in a deregulated environment that fosters innovation and economic development.
