Cathie Wood Says Bitcoin Is ‘More Scarce Than Gold’ — Predicts M&A Surge Under Trump 2.0
Cathie Wood, the founder of Ark Investment Management LLC, predicts a surge in mergers and acquisitions after President-elect Donald Trump defeats Vice President Kamala Harris in the 2024 election.
What Happened: “M&A has been prevented by the FTC. That is going to change,” Wood, popularly known for leading ARK Innovation ETF (NYSE:ARKK) said in an interview with Bloomberg Television on Thursday.
The seasoned investor continues to maintain her optimistic view on cryptocurrencies, projecting that Bitcoin (CRYPTO: BTC) may hit $1.5 million by 2030. Wood highlighted how Bitcoin is becoming “more scarce than gold,” pointing out that after the April halving, its annual supply increase has decreased to 0.9%.
According to Wood, production rises in tandem with the price of gold. Bitcoin prevents that from occurring.
Her remarks come as …
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