Cathie Wood: Trump's presidency will trigger a "merger boom", BTC may reach $1 million by 2030

Cathie Wood, the founder of Ark Invest, also known as the ‘Queen of the Internet’, recently made an optimistic prediction that a wave of ‘merger frenzy’ will sweep through the startup ecosystem after Donald Trump, the newly elected president of the United States, takes office, and the previously stalled merger cases due to cumbersome regulations will be released with the new government taking power. At the same time, she also reiterated that BTC is expected to surge to $1 million by 2030.

Cathie Wood recently stated in an interview with Bloomberg TV that the policy shift of the Federal Trade Commission (FTC) will bring new ‘liquidity events’ for startups and create a large number of merger and acquisition opportunities. She pointed out:

The FTC’s intervention has led to many mergers and acquisitions ending in failure, but this situation will soon be broken. We will see more strategic buyers actively making acquisitions of these innovative companies.

When it comes to cryptocurrencies, Cathie Wood once again reiterated her optimistic attitude, believing that BTC is expected to break the $1 million mark by 2030, and that the supply and demand fundamentals of BTC will be the core driving force behind the price increase. She said:

The scarcity of BTC even surpasses that of gold. The increase in gold prices stimulates an increase in production, but the supply of BTC is fixed at 21 million, so it cannot be increased like gold.

Cathie Wood believes that with the possible relaxation of cryptocurrency regulation by the Trump administration, the growth rate in this field will be even more rapid.

Cathie Wood is known for her visionary investment ideas, whether it’s her high-profile bets on Tesla or BTC, which often spark lively discussions in the market. Despite the multiple fluctuations of the ARK Innovation ETF, it has performed well this year, with current assets under management reaching $6.7 billion, bringing lucrative returns to investors.

In addition, Cathie Wood also expressed high expectations for Musk’s new role in the Department of Government Efficiency (DOGE).

She believes that Musk understands the impact of regulatory pressure on startups, which will help him push forward the ‘government slimming plan’. She said: ‘Musk is clear that the speed and effectiveness of reform will be faster as long as some obstacles are cleared.’

“Cathie Wood: Trump’s administration will set off a ‘merger frenzy’, and BTC will hit 1 million US dollars by 2030” This article was first published in “Block Times”.