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COINTURK NEWS > Bitcoin (BTC) > Cathie Wood Predicts Bitcoin Will Surpass One Million Dollars by 2030
Bitcoin (BTC)

Cathie Wood Predicts Bitcoin Will Surpass One Million Dollars by 2030

In Brief

  • Cathie Wood forecasts Bitcoin will exceed one million dollars by 2030.

  • Spot Bitcoin ETFs are drawing more investors into the cryptocurrency market.

  • Wood expects increased M&A activity post-2024 elections under potential Trump administration.

Ömer Ergin
Ömer Ergin 5 months ago
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Cathie Wood, CEO of ARK Invest, has reiterated her prediction that the price of Bitcoin (BTC) $105,678 will exceed one million dollars by 2030. Wood emphasized the superiority of Bitcoin’s fixed supply compared to traditional assets. In an interview with Bloomberg, she stated, “When gold prices rise, production increases, but Bitcoin’s supply is fixed.”

Contents
Spot Bitcoin ETFs Attract Investors to the MarketExpectations for M&A Activity Under the Trump Administration

Spot Bitcoin ETFs Attract Investors to the Market

Bitcoin is projected to rise by 120% throughout 2024, surpassing the $100,000 mark. Wood attributes this surge to the growing popularity of spot Bitcoin ETFs in the United States and increasing institutional interest in the asset.

Cathie Wood Bitcoin

“Instruments like Grayscale Bitcoin Trust and ARK 21Shares Bitcoin ETF facilitate investors’ access to cryptocurrencies,” she remarked, adding that Bitcoin’s capped supply of 21 million units makes it an increasingly scarce asset.

Expectations for M&A Activity Under the Trump Administration

Wood anticipates an increase in merger and acquisition (M&A) activities following the 2024 U.S. Presidential elections. She noted that “the FTC was blocking mergers, but this barrier will be lifted with the Trump administration,” predicting activity particularly in the banking and biotechnology sectors. Analysts from Bank of America have also observed a 50% increase in M&A activities during Republican administrations.

Additionally, Wood shared that ARK Innovation ETF is restructuring its portfolio by selling shares in Tesla and Palantir. “Companies at the forefront of innovation will be rewarded during this period,” she stated, underscoring the market’s potential for expansion and growth.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 20 December, 2024 - 1:14 pm 20 December, 2024 - 1:14 pm
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