Cathie Wood, CEO of ARK Investment Management LLC, predicts a rise in mergers and acquisitions (M&A) following Donald Trump’s election, believing it will support innovative strategies. She expects the Federal Trade Commission (FTC) changes to ease regulatory barriers previously imposed, which stifled M&As.
Wood also reaffirms her stance on Bitcoin (BTC), anticipating it to surpass $1 million by 2030 due to its fixed supply and scarcity compared to gold. With high expectations for the upcoming Trump administration, Wood foresees a dual impact leading to a boom in M&A among tech startups and potentially driving parabolic price movements due to reduced regulatory friction.
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