PANews reported on December 20 that according to Bloomberg, ARK Investment founder Cathie Wood said that Trump's election will bring a new wave of mergers and acquisitions for start-ups because changes in the policies of the US Federal Trade Commission (FTC) will release potential merger and acquisition demand and help venture capital achieve "liquidity events." She emphasized that deregulation will promote the price discovery process of innovative companies.
In addition, Wood reiterated her forecast of a $1.5 million Bitcoin price target in 2024 , and believes that the Trump administration's policies will support economic growth and Bitcoin's supply and demand dynamics. She pointed out that Bitcoin's scarcity is more significant than gold, and its supply is capped at 21 million coins, which will further drive its value up. Wood also expects that the U.S. government efficiency department (DOGE) led by Elon Musk will accelerate innovation by cutting regulatory barriers.
