According to Bloomberg, Cathie Wood, CEO of ARK Invest, said recently that as part of the Department of Government Efficiency, Musk will be effective in new initiatives to reduce the size and scope of the government because he is well aware of the sources of regulatory pressure and obstacles. In addition, Cathie Wood reiterated the view that "Bitcoin may exceed $1 million by 2030" and said that "Bitcoin is becoming more scarce than gold. The difference between gold and Bitcoin is that when the price of gold rises, production will increase and the rate of increase in supply will also accelerate, but this will not happen with Bitcoin."

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