&#34;Wood&#34; believes that Trump 2.0 will trigger a new wave of private company mergers and acquisitions in the United States, pushing the price of Bitcoin to $1 million per coin.
On Thursday local time, ARK Investment Management founder Cathie Wood stated in an interview with Bloomberg that the Trump administration will spark a wave of private company mergers and acquisitions. She believes that changes in the Federal Trade Commission (FTC) will unleash potential merger demand, creating &#34;liquidity events&#34; for venture capitalists.
Wood pointed out, &#34;The FTC has previously hindered merger activities, and that will change. Strategic buyers will bid for these innovative companies, and we will finally see their true value.&#34;
Wood reiterated her super bullish view on Bitcoin, predicting that the price of Bitcoin could exceed $1 million per coin by 2030. Wood believes that the Trump administration's deregulation will accelerate the rise in Bitcoin prices, and this increase is based on supply and demand dynamics, as the total supply of Bitcoin is capped at 21 million coins.
&#34;Bitcoin is becoming scarcer than gold,&#34; Wood explained, &#34;When the price of gold rises, production increases, and the supply growth rate rises. This will not happen with Bitcoin.&#34;
Wood also predicted that Tesla CEO Elon Musk will play an important role in the U.S. Department of Government Efficiency (DOGE). She believes that Musk has personally experienced regulatory pressures and obstacles, allowing him to effectively push for a reduction in the scale and scope of government.
&#34;He knows well that if he can clear some obstacles, he can change the world faster than he does now,&#34; Wood stated.
It is worth noting that Wood is known for her long-term bets on emerging technologies, which has led to the ARK Innovation ETF she manages, with a scale of $6.7 billion, experiencing multiple ups and downs. Although her predictions for Bitcoin and Tesla are often considered extreme, both bets have yielded substantial returns in 2024

GBTC

"Wood" stated that the Trump administration's changes to the Federal Trade Commission (FTC) will unleash potential merger and acquisition demand, and the relaxation of regulations will drive Bitcoin prices to exceed $1 million per coin by 2030

- Cathie Wood, founder of ARK Invest, predicts that a new wave of private company mergers and acquisitions will occur under a Trump administration, potentially driving Bitcoin prices to $1 million by 2030.  
- She believes that changes in the Federal Trade Commission (FTC) will unlock merger demand, allowing strategic buyers to bid on innovative companies and reveal their true value.  
- Wood emphasizes Bitcoin's scarcity compared to gold, asserting that regulatory relaxation will accelerate its price increase, while also highlighting Elon Musk's potential influence on government efficiency.

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Cathie Wood: Trump will bring a wave of mergers and acquisitions, optimistic about Bitcoin