Cathie Wood, founder of ARK Investment Management, predicts a surge in startup mergers and acquisitions if Donald Trump wins another presidential term, citing potential regulatory changes. She maintains that Bitcoin could exceed $1 million by 2030 due to its fixed supply, contrasting it with gold's expandable production. Wood also highlights the positive impact of Trump's pro-crypto policies, including the nomination of Paul Atkins as SEC Chair, which could foster growth in both the tech startup and cryptocurrency markets.
Cathie Wood, founder of ARK Investment Management, predicts a surge in mergers and acquisitions following Donald Trump's election, driven by anticipated regulatory rollbacks. She also forecasts Bitcoin could exceed $1 million by 2030, citing its fixed supply and growing institutional interest. Wood emphasizes that the crypto market is still in its early stages, with significant growth potential compared to gold.
The cryptocurrency market surged following Trump's election win, with XRP soaring 362%, Dogecoin up 139%, and Bitcoin climbing 41%. XRP's potential hinges on regulatory clarity after a lawsuit, while Dogecoin's value remains speculative despite recent gains. Bitcoin, viewed as a digital gold, is gaining institutional traction, with ambitious price targets suggesting significant long-term upside.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
