Cathie Wood, CEO of ARK Invest, maintains an optimistic outlook on Bitcoin, predicting it could reach as high as $1.5 million by 2030 due to its limited supply and increasing demand.

Wood believes regulatory changes from the Federal Trade Commission (FTC) will reduce obstacles to merger-and-acquisition (M&A) activity, creating a more favorable environment for private-sector deals.

Overall, Wood expresses confidence that Bitcoin and the broader market will continue to rise, driven by scarcity and regulatory opportunities.

During a recent interview, Wood noted Bitcoin's current value has surpassed $108,000 in 2024, reflecting a significant increase driven by market dynamics.

She anticipates that new regulatory policies may enhance Bitcoin's adoption and growth in the future.

She expects these changes will revitalize M&A activity, unlocking opportunities for investors and startups.

She emphasized Bitcoin's unmatched scarcity, favorably comparing its inflation resistance to traditional assets like gold.

Wood noted that Bitcoin's supply is fixed at 21 million coins, making it a more attractive store of value as demand rises.

Wood attributes potential Bitcoin growth to significant political and regulatory changes following the recent election of Donald Trump.

Wood highlighted that anticipated deregulation could lead to increased market activity and new liquidity opportunities for venture-backed companies.

Her investment strategy has drawn both acclaim and criticism, particularly regarding her high-risk investments in emerging technologies.

At the time of the interview, Bitcoin was trading at $97,268, indicating a 4% decline over the week, but Wood remains optimistic about its long-term trajectory.