Cathie Wood, founder of ARK Investment Management LLC, believes there will be a surge in mergers and acquisitions (M&A) following Donald Trump’s election win, which she predicts will support innovative strategies. She also anticipates the Federal Trade Commission (FTC) changes easing regulatory barriers that had previously stifled M&As.
Furthermore, Wood reaffirms her stance on Bitcoin (BTC), expecting it to surpass $1 million by 2030 due to its fixed supply and scarcity compared to gold. The CEO attributes this bullish sentiment to BTC’s potential parabolic price movement resulting from reduced regulatory friction. Wood projects a dual impact from the upcoming Trump administration – a boom for M&A among tech startups and a potential parabolic price movement driven by reduced regulatory friction.
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