Bitcoin at 1.5 million dollars? Cathy Wood from Ark predicts a decline in gold's market share.
This week, Ark Invest CEO Cathy Wood explained that she believes the U.S. economy is emerging from what she calls a three-year 'sliding recession' caused by the Federal Reserve's interest rate hikes. Wood also noted that Ark has a price forecast for Bitcoin in 2030 at 1.5 million dollars.
Wood is planning a new era of growth fueled by artificial intelligence and capital flows.
Despite recent market volatility and concerns about tariffs, Ark Invest CEO Cathy Wood characterized the current situation as a 'global tax reduction' scenario, suggesting that efforts to reduce trade barriers and taxes are beginning to materialize, eliminating political uncertainty.
Wood expressed optimism about the coming months, pointing to productivity growth across all sectors, particularly in government and the biotechnology sector. She mentioned rapid progress in generative artificial intelligence (AI).
