Where does Cathie Wood see Bitcoin in 2030: Support from Trump for 1 Million Scenarios! - Coin Bulletin

Cathie Wood predicted that private company acquisitions will accelerate during Trump's tenure and that Bitcoin could exceed $1 million by 2030.

Investor Cathie Wood stated that the election of Donald Trump would accelerate the previously slowed down private company acquisitions due to bureaucratic obstacles.

Wood, founder of ARK Investment Management LLC, speaking to Bloomberg, said that changes at the Federal Trade Commission will increase merger and acquisition requests and create 'liquidity events' for venture capitalists.

"The FTC (Federal Trade Commission) has been blocking mergers, but that's going to change," Wood said in a statement.

Wood emphasized that these changes will pave the way for price discovery as strategic buyers start bidding for innovative companies, saying, "In the end, we will see how valuable these companies really are."

ARK Investment Management CEO emphasized that the policies of the Trump administration will support the growth of the US economy and that this has been recognized by the market.

In addition, reiterating his ultra-bullish prediction about Bitcoin, he stated that Bitcoin could exceed $1 million by 2030.

Wood, who reminded that this year's rally pushed Bitcoin above $108,000, stated that the new president's loosening of regulations will accelerate the growth of this asset supported by supply and demand dynamics.

Bitcoin is becoming scarcer than gold. When the price of gold rises, production increases and the rate of supply also accelerates; however, this is not possible with Bitcoin.