PANews reported on December 20 that according to Bloomberg, ARK Investment founder Cathie Wood said that Trump's election will bring a new wave of mergers and acquisitions for start-ups because changes in the policies of the US Federal Trade Commission (FTC) will release potential merger and acquisition demand and help venture capital achieve "liquidity events." She emphasized that deregulation will promote the price discovery process of innovative companies.
Additionally, Wood reiterated his prediction of a Bitcoin price target of $1.5 million in 2024, arguing that the Trump administration’s policies will support economic growth and Bitcoin’s supply and demand dynamics. She pointed out that the scarcity of Bitcoin is more significant than that of gold, with a supply limit of 21 million coins. This characteristic will further promote its value. Wood also expects Elon Musk’s Department of Government Efficiency (DOGE) to accelerate innovation by cutting regulatory barriers.
