Bitcoin Scarcity Could Fuel $1.5M Price, Cathie Wood Declares

Investor Cathie Wood anticipates a flurry of mergers and acquisitions (M&A) among startups as regulatory changes accompany the Trump administration, she revealed in a recent Bloomberg interview. The leader of Ark Invest, celebrated for her daring forecasts, also doubled down on her prediction that bitcoin could exceed $1.5 million by 2030.

Ark Invest’s Wood Envisions Bitcoin’s Growth and M&A Revolution

Cathie Wood, the founder and CEO of ARK Investment Management, pointed to expected shifts at the Federal Trade Commission (FTC) as a pivotal force in unleashing M&A potential. “M&A has been prevented by the FTC. That is going to change,” Wood declared to the Bloomberg reporter, noting that this would facilitate “price discovery as strategic buyers bid for innovative companies.”

These deals, she observed, would generate liquidity options for venture capitalists. Her enthusiasm stretches beyond corporate trends into the cryptocurrency realm. Wood once again voiced her long-term confidence in bitcoin (BTC), highlighting its limited supply of 21 million coins as a key strength. Drawing parallels between bitcoin and gold, she stressed its rarity.

She clarified that while escalating gold prices encourage more production, bitcoin’s set supply protects it from such dynamics. Wood told Bloomberg:

It is becoming even more scarce than gold.

Bitcoin’s latest rally, pushing its price to $108,364 per unit, adds weight to Cathie Wood’s prediction. She credits the current climb to the tightening dynamics of supply and demand, anticipating that a more lenient regulatory approach from the incoming Trump administration will propel its price ascent even higher.

Ark Invest, under the guidance of Wood, launched its spot bitcoin (BTC) exchange-traded fund (ETF) earlier this year, and it’s already creating a splash. Dubbed ARKB, this fund has amassed a staggering $4.6 billion in BTC reserves due to consistent positive inflows. Wood isn’t alone in her sky-high expectations for bitcoin.

Other ETF bigwigs from Bitwise and Vaneck also share her bright vision for BTC’s future, echoing her enthusiasm for where this cryptocurrency might soar. At press time, bitcoin is under the $100,000 mark, trading at $96,939 per unit at 1:15 p.m. ET on Friday.