"Wood Sister": Trump's inauguration will unleash a wave of mergers and acquisitions in start-up companies. Bitcoin will exceed $1 million by 2030.

In an interview, renowned fund manager Cathy Wood, nicknamed "Stocks Sis," stated that Donald Trump's election as US president will trigger a wave of private company acquisitions that had previously slowed down due to red tape. In addition, she also reiterated her extremely optimistic view on Bitcoin. The founder of Ark Investment stated that the Federal Trade Commission's (FTC) reform will unleash potential merger demand and create "liquidity events" for venture capitalists. Wood said in the interview, "The FTC has been blocking mergers. That situation is going to change. As strategic buyers bid for these innovative companies, we will eventually see price discovery. We will see their true value." Wood also reiterated her previous bullish forecast for Bitcoin, saying that Bitcoin could exceed $1 million by 2030. The price of the cryptocurrency has already surged to around $108,000 this year. She stated that under the leadership of the upcoming president, regulatory relaxation will accelerate the growth of Bitcoin, which is supported by the supply-demand dynamics of an asset with a limited production of 21 million coins. "It's even more scarce than gold," Wood said. "The difference between gold and Bitcoin is that when the price of gold goes up, production will increase and the rate of supply growth will also rise - something that will not happen with Bitcoin." Wood rose to fame for her long-term bets on emerging technologies and was underestimated due to the prosperity and downturn cycles that repeatedly appeared in her $67 billion ARK Innovation ETF. Her predictions on Bitcoin and Elon Musk's Tesla, Inc. have been famously extreme, but both assets brought unexpected wealth to their owners in 2024. The fund manager also predicts that Musk's new initiative to cut government size and scope as part of the Department of Government Efficiency (DOGE) will be highly effective. She stated, "He knows that if he removes some barriers, he can change the world faster than now."