Once a bull…always a bull! Catherine Duddy Wood can be found again in her works and in his predictions optimistic as always concerning the American economy and especially our favorite crypto: Bitcoin! For her, the arrival of Donald Trump will bring a breath of fresh air to the mergers and acquisitions sector by lifting certain restrictions, for Bitcoin it is a question of scarcity, digital gold and demand from institutions. Immerse yourself in the thoughts of the big boss of ARK Invest.
- Cathie Wood has predicted that the arrival of Donald Trump will benefit the M&A sector through expected deregulation.
- She claimed that Bitcoin, considered digital gold, could reach $1 million by 2030.
Against the background of deregulation, Cathie Wood sees an explosion in the M&A industry…
For Cathie Woodthe arrival of Donald Trump on The White House will make it possible to reduce some of the regulatory burden that currently burdens the mergers and acquisitions sector, which is so important to the companyeconomy :
“The mergers and acquisitions sector has slowed down Federal Trade Commission (FTC) and that will change. This deregulation is critical! »
Cathie Wood on Donald Trump’s arrival in the White House – Source: Bloomberg
Investors and sector specialists will be able to benefit from much more favorable regulatory conditions Trump’s government cancels current restrictions. But let’s leave those considerations aside to look at our preferred sector and see what Cathie Wood he has bitcoins in his christmas bag!
…and Bitcoin will hit $1 million before 2030!
For the CEO of the company“ARK Investwill bitcoin gradually become as rare asgold and that should pull him up irresistibly. Fueled by interest from large institutional players such as exchange-traded funds, demand will explode in the coming months and years, and the price could reach $1 million by 2030. Here is one of his arguments :
“In the gold industry, when the price increases, production increases accordingly to keep up with demand, but this is not possible with Bitcoin. »
Cathie Wood on Bitcoin – Source: Bloomberg
Finally, it assumes the arrival of new faces to key positions in the new one Trump administration such as the SEC chairmanship going to one Paul Atkins, an openly pro-crypto personality. These changes will obviously be very favorable for the US crypto sector and even for Jerome Powell, the head of the Fed, who has never been bitcoin acknowledged, recently claimed that bitcoin is a competitor to gold!
Finally, he compares the yellow metal’s total capitalization of $15,000 billion with Bitcoin and its $2,000 billion and says there is room to go much higher! We know it’s all been said and repeated, especially by Cathie Wood herself, but we have to admit, it feels good during this holiday season. And if you still haven’t finished your Santa list, here it is some last minute ideas.