Cathie Wood predicts that Trump's election will drive a wave of mergers and acquisitions in startups, and reiterates the target price of $1.5 million for BTC

PANews reported on December 20th that Cathie Wood, the founder of ARK Investment, stated that Trump's election will bring a new wave of startup acquisitions, as changes in the policy of the Federal Trade Commission (FTC) in the United States will unleash potential acquisition demand, helping venture capital achieve "Liquidity events". She emphasized that relaxed regulation will drive the process of price discovery for innovative enterprises. Cathie Wood reiterated her prediction that Bitcoin will reach a target price of $1.5 million by 2024, and believes that the Trump administration's policies will support economic growth and the supply and demand dynamics of Bitcoin. She pointed out that Bitcoin's scarcity is more significant than gold, with a supply limit of 21 million, a characteristic that will further drive its value. Wood also expects the US government efficiency department (DOGE) led by Elon Musk to accelerate innovative development by cutting regulatory barriers.