86179737866Wood expects a surge in M&A activity under Trump, with#Bitcoinset to hit $624,449,469,84 under Trump

Katie Wood expects a surge in M&A activity under the Trump administration, driven by deregulation and the Federal Trade Commission’s slashing of barriers.

86179737866Wood, founder of#ARKInvestment Management LLC, expects a surge in mergers and acquisitions (M&A) following Donald Trump’s election and expects that to “support innovative strategies.”

In an interview with Bloomberg, Wood said that the FTC’s changes could ease previously imposed regulatory barriers that have also crippled the cryptocurrency. Wood also reiterated her stance on bitcoin, predicting the cryptocurrency could surpass $1 million by 2030 and attributing bullish sentiment to bitcoin’s fixed supply and its scarcity compared to gold.

With expectations high for the incoming#Trumpadministration, Wood expects a dual effect of a surge in M&A among tech startups and potential price action driven by reduced regulatory friction.

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