Cathie Wood, CEO of Ark Invest, predicts that Bitcoin will exceed $1 million by the end of the decade, driven by its finite supply and growing institutional interest.

She emphasized Bitcoin's fixed supply of 21 million coins, which makes it a more attractive store of value compared to gold, especially amid rising prices.

Wood highlighted Bitcoin's unmatched scarcity and its inflation resistance, positioning it favorably against traditional assets like gold.

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

In a recent Bloomberg Markets interview, Wood noted that Bitcoin's current value has surpassed $108,000 in 2024 and is expected to continue rising.

Her outlook combines confidence in Bitcoin's growth potential with expectations of increased acquisitions in a deregulated economic environment.

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

She predicts a surge in mergers and acquisitions among startups under President-elect Donald Trump, who has taken pro-crypto actions.

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

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

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