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<p data-pm-slice="1 1 []"><strong>ARK Invest CEO Cathie Wood</strong> has once again made headlines by predicting that <strong>Bitcoin (BTC)</strong> will surpass $1 million by 2030. In an interview with Bloomberg, Wood emphasized Bitcoin’s superiority over gold due to its fixed supply. “When the price of gold increases, production rises. However, Bitcoin’s supply is fixed,” she stated.</p>
<h2 id="spot-bitcoin-etfs-driving-market-growth">Spot Bitcoin ETFs Driving Market Growth</h2>
<p>Bitcoin’s impressive 120% surge throughout 2024, crossing the $100,000 mark, has been attributed to the growing popularity of <strong>spot Bitcoin ETFs</strong> in the U.S. and increased institutional interest. Wood highlighted the role of instruments like the <strong>Grayscale Bitcoin Trust</strong> and <strong>ARK 21Shares Bitcoin ETF</strong> in making cryptocurrencies more accessible to investors.</p>
<p>“Bitcoin’s fixed supply of 21 million coins makes it an exceptionally scarce asset,” Wood added, reinforcing its long-term value proposition.</p>
<h2 id="post-election-ma-boom-expected">Post-Election M&amp;A Boom Expected</h2>
<p>Wood also forecasted a surge in merger and acquisition (M&amp;A) activity following the 2024 U.S. presidential election. She believes that a Trump administration would remove barriers imposed by the Federal Trade Commission (FTC), paving the way for increased activity, especially in the <strong>banking</strong> and <strong>biotechnology</strong> sectors.</p>
<p>Bank of America analysts have echoed this sentiment, noting that M&amp;A activity in the financial sector tends to rise by 50% under Republican administrations.</p>
<h2 id="portfolio-adjustments-and-market-outlook">Portfolio Adjustments and Market Outlook</h2>
<p>ARK Innovation ETF has recently restructured its portfolio, reducing holdings in Tesla and Palantir stocks. Wood explained that this move reflects a focus on companies at the forefront of innovation. “Firms leading in innovation will be rewarded in this expanding market,” she said, underscoring her optimism for sustained growth.</p>
<h3 id="key-takeaways">Key Takeaways</h3>
<ul data-spread="false">
 <li>Cathie Wood predicts Bitcoin will exceed $1 million by 2030.</li>
 <li>Spot Bitcoin ETFs like ARK 21Shares are fueling adoption and accessibility.</li>
 <li>A Trump administration could catalyze M&amp;A activity, especially in banking and biotech.</li>
 <li>ARK Innovation ETF is focusing on innovation-driven companies.</li>
</ul>
<p>According to <strong>Dey There</strong>, Wood’s predictions and investment strategies highlight the potential for innovation and market expansion in both cryptocurrencies and traditional industries.</p>

Cathie Wood Reiterates Bold Bitcoin Prediction: $1 Million by 2030

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