Cathie Wood, CEO of ARK Invest, maintains an optimistic outlook on Bitcoin, predicting it could surpass $1 million by the end of the decade, driven by its finite supply and increasing institutional interest.

During a recent Bloomberg Markets interview, Wood noted that Bitcoin's value recently surged past $108,000, with expectations for continued growth.

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

Unlike gold, where higher prices lead to increased production, Bitcoin's capped supply of 21 million coins will intensify its scarcity over time.

Wood compared Bitcoin's market cap of $2 trillion to gold's $15 trillion, suggesting significant room for growth as global adoption expands.

The increasing adoption of Bitcoin through exchange-traded funds (ETFs) is enhancing its appeal and recognition in the global financial system.

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

Wood anticipates a surge in M&A among startups under President-elect Donald Trump, who has taken pro-crypto actions.

She welcomed the nomination of Paul Atkins as SEC chair, predicting a more balanced regulatory approach that could boost innovation and investment in the crypto sector.

Wood expressed confidence in Elon Musk's initiative to streamline government operations, believing it could foster a more favorable environment for innovation.

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

She 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.