Cathie Wood Predicts Bitcoin to Reach $1 Million to $1.5 Million by 2030, Citing Institutional Demand and Trump's Election Impact

Cathie Wood, CEO of Ark Invest, has reiterated her bullish outlook on Bitcoin, predicting that it could reach between $1 million and $1.5 million by 2030. This prediction is driven by increased institutional demand, which Wood says is making Bitcoin 'even more scarce than gold.' She highlighted the difference between Bitcoin and gold, noting that while gold production increases with price, Bitcoin's supply is mathematically metered to increase over time. Additionally, Wood suggested that Donald Trump's election could lead to a surge in private company acquisitions, potentially boosting the tech sector and indirectly supporting Bitcoin's value. She mentioned that Trump's FTC shake-up could unleash a wave of mergers and acquisitions, likening it to tech's version of Black Friday. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io