Gold of the future — how bitcoin will change the market by 2030
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Katie Wood, founder and CEO of ARK Invest, reiterated her prediction that the value of bitcoin will rise to over $1 million by 2030. She emphasized that due to the limited issue of 21 million coins, most of which have already been mined, bitcoin is a unique asset.
She said this on Bloomberg Television.
How bitcoin can grow to $1 million by 2030
She argues that the market's flagship cryptocurrency surpasses gold in terms of scarcity, as its supply cannot increase even if the price rises. Thus, cryptocurrency is becoming an attractive investment instrument for the long term. The expert also noted that the key factors for accelerating growth next year will be Donald Trump's easing of regulatory pressure and his favorable policies.
She expects that the administration of the newly elected president will ease the business environment, which will stimulate investment in tech startups and cryptocurrencies. Earlier, Joe Biden's administration slowed down such processes with regulatory barriers.
Also, according to Katie Wood, the lifting of restrictions will facilitate mergers and acquisitions, which will open up new opportunities for venture capitalists and ensure the inflow of capital into innovative industries.
In November, Wood predicted that a change in the regulatory approach in the United States could be accompanied by an influx of investments in the cryptocurrency sector, which, in turn, would pave the way for its rapid growth in the coming years.
As a reminder, the cryptocurrency market is preparing for the Santa Claus rally. At this time, most digital assets may rise in value, which is worth investing in now.
We also wrote that governments around the world have bitcoin reserves. Ukraine is one of the leaders, ranking fifth among all countries.
