Bitcoin scarcity could push price to $1.5 million, Cathie Wood claims

Investor Cathie Wood expects a wave of mergers and acquisitions (M&A) among startups to emerge as a result of regulatory changes brought about by the Trump administration, she revealed in a recent interview with Bloomberg. The Ark Invest leader is known for her bold predictions, and she also doubled down on her prediction that Bitcoin could exceed $1.5 million by 2030.

Bitcoin scarcity could push price to $1.5 million, Cathie Wood claims

Ark Invest's Wood looks ahead to Bitcoin's growth and the M&A revolution
Cathie Wood , founder and CEO of ARK Investment Management, points to the expected changes to the Federal Trade Commission (FTC) as a key force in unlocking the potential for mergers and acquisitions. "The FTC has been blocking mergers and acquisitions. This is going to change," Wood announced to Bloomberg , noting that it will help "strategic buyers with price discovery when bidding for innovative companies."

She observed that these transactions will create liquidity options for venture capitalists. Her enthusiasm is not limited to the corporate trend, but also extends to the cryptocurrency sector . Wood once again expressed her long-term confidence in Bitcoin (BTC), emphasizing that its limited supply of 21 million coins is a key advantage. She drew a contrast between Bitcoin and gold, emphasizing its scarcity.

She made it clear that while rising gold prices would encourage more production, Bitcoin’s fixed supply protects it from such dynamics. Wood told Bloomberg:

It is becoming more scarce than gold.

Bitcoin’s recent rally, which has pushed its price to $108,364 per unit, adds weight to Wood’s prediction. She attributes the current climb to tightening supply and demand dynamics, and expects the incoming Trump administration to take a more relaxed approach to regulation, which will push its price higher.

Under Wood’s guidance, Ark Invest launched its spot Bitcoin (BTC) exchange-traded fund (ETF) earlier this year, which has already made quite a splash. Dubbed ARKB, the fund has amassed a staggering $4.6 billion in BTC reserves due to continued positive inflows. Wood is not the only one with high hopes for Bitcoin.

Her bright vision for BTC’s future was shared by fellow ETF giants Bitwise and VanEck , echoing her enthusiasm for the cryptocurrency’s potential to soar. At press time, Bitcoin is trading below $100,000, trading at $96,939 per unit at 1:15 p.m. (ET) on Friday.