Cathie Wood Bitcoin Prediction: “People Have NO IDEA What’s Coming…” (Time To BUY)

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ARK Invest CEO & Founder Cathie Wood believes that Bitcoin is going to go from being worth $700 billion dollars today to a 20 trillion dollar asset.

That would be a 30x increase in price from current levels and would equate to 1 Bitcoin being worth 1.3 Million dollars. Insane.

In her latest interview, Cathie breaks down the 3 revolutions and opportunities happening in the crypto space.

The first is the money revolution which is dominated by Bitcoin.

Bitcoin will win because it is simply a better form of money than what we have.

Make sure to stick around to the end of the video where Cathie breaks down the opportunity she believes is even bigger than Bitcoin and crypto over the next 5-10 years.

About Cathie Wood:

Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.

CREDITS:

To watch the full un-edited interview featured (and subscribe to a great finance resource!) check out:

ARK Invest

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Cathie Wood Bitcoin Prediction: “People Have NO IDEA What’s Coming…” (Time To BUY)

Um we think in the in the crypto space for example there are three revolutions taking place a money Revolution a financial services Revolution and uh a digital asset property rights Revolution and they’re all big uh the biggest one though is the money Revolution that’s Bitcoin uh because it’s the first Global digital

Decentralized uh private it no government oversight rules-based critical monetary system in history uh we think that’s a 20 trillion idea by 2030 and right now I believe uh Bitcoin is valued in the marketplace at roughly 700 billion something around there so that’s a very big idea and many people

In the developed world don’t understand how big it is because they are not growing up or living in an Emerging Market which is going through hyperinflation and which is destroying purchasing power and wealth so it’s really taking root there and we do believe when the SEC uh approves a spot Bitcoin ETF in

The US and we think it’s close and we hope to be among those approved uh that that will be key that will be a seal of approval for institutions to diversify into a new asset class so very big idea uh arines CEO and founder Kathy Wood believes that

Bitcoin is going to go from being worth $700 billion today to a $2 trillion asset class that would be a 30X increase in price from current levels and would equate to one Bitcoin being worth $1.3 million insane in a latest interview Kathy breaks down the three revolutions and opportunities happening in the

Crypto space the first is the money Revolution which is dominated by Bitcoin Bitcoin will win because it is simply a better form of money than what we currently have make sure to stick around to the end of the video where Kathy breaks down the opportunity she believes

Is even bigger than Bitcoin and crypto over the next 5 to 10 years also guys only a small percentage of my viewers are actually subscribed if you enjoy Finance content consider subscribing or liking the video it’s free and you can always change your mind now here’s Kath with her crypto Outlook now artificial

Intelligence has has taken uh a lot of the oxygen out of the room in terms of discussions out there with the exception of the regional banking crisis and something very unusual happened during the regional banking crisis to bitcoin and to other crypto assets um typically Bitcoin and crypto generally are risk on

Assets you know they they tend to do very well in an overall bullish environment uh what happened during the Regional Bank crisis we had the Regional Bank index here in the United States imploding we had Banks going bankrupt and Bitcoin went up from 19,000 uh up nearly 50% to to

30,000 and uh we thought wow this is proof positive that Bitcoin is also a riskof asset what does that mean it means there’s no counterparty risk unlike in the banking system we’ve got a very decentralized transparent network no you can you can see all the activity taking place by IP address no

Counterparty risk uh so a very big idea terms of ai ai is the biggest Catalyst to all of the Innovation taking place out there right now so we have centered our research and investing around five major Innovation platforms forms uh they are robotics energy storage artificial intelligence blockchain technology and

Multi-omic sequencing in the life science space um if uh we we have a scoring system that measures which Technologies are the biggest catalysts to The Accelerated rate of growth of other Innovations in other words there are convergences taking place between and among technology AI is the biggest Catalyst it scores you

Know top of the Heap uh and um and and we think that every company will have to harness it or lose out competitively either cost structure-wise or new products and services wise um the other side of this is trying to figure out who are going to be the biggest

Beneficiaries of this absolute boom in Innovation and um we think the biggest opportunity out there in the next 5 to 10 years is is uh uh autonomous autonomous taxi platforms many people call them uh Robo taxis and we think that could scale from essentially nothing today to an eight to 10 trillion

Dollar Revenue globally including China in the next 5 to 10 years and I know a lot of people say no way you see Cruise automation or Cruise here in the United States owned by GM had to basically shut down its autonomous and GMS pulling away um this often happens with new

Innovations uh um and you see uh players who should stay in the market pulling out just saying this is never going to happen and then all of a sudden you know it happens and they’re not there we think Tesla is the biggest a is is um uh

Performing the biggest AI project in the world uh and we think it’s in the poll position here in the United States to get uh what will be a winner take most uh opportunity in the robo taxi space and the interesting thing about that is that will redefine how people think

About Tesla right now they think about it as an electric Vehicle Manufacturer uh that’s a low margin business it’s in the gross margin category it’s um some players are as low as 10 or single digits in in China uh and Tesla’s we think Tesla will get on

The EV side to a 30% gross margin if autonomous is the next big play here then that’s a SAS model software as a service model and the gross margins there are in the 80% plus it will redefine what Tesla is doing doing completely and so Tesla is doing what

Apple did in redefining the the wireless space um it de developed its own chip the only cell phone manufacturer to devel design its own chip and today it’s number one in the smartphone market computer in your pocket the others did not Define the market that way Tesla is

Doing the same thing only company to design its own chip and it is redefining uh the mobility Market into autonomous Mobility technology is collapsing if you look at artificial intelligence uh or yeah AI training costs they’re dropping 70% per year and just to put some color

Into that uh if chat GPT had been if that model had been developed in 2015 5 years before it actually was it would have cost about5 $500 million to develop it in 2020 when it was developed it cost only $4.5 million today it would cost 200,000 or less and the costs

Continue to fall so the the the other thing that’s happening with AI in particular is uh we’re talking about large language models and natural language processing all of us can do that all of us speak natural languages so we all could become prompt Engineers uh if we just prep a bit and

Use platforms like repet to help us program repet does 80% of the work with artificial intelligence itself so I think access is going to increase and this network of VCS funding you know the companies in the valley that uh that is going to be an old model there are

Innovation centers springing up around the world uh we moved to St Petersburg Florida in uh two years ago because we saw that it was a fertile place for Innovation and we wanted to make a difference and attract tech companies there and that is happening it’s happening all over the US it’s happening

Around the world when I visit uh the world there’s such an appetite to learn about Innovation and uh and policy makers understand if they don’t do something about this they’re going to be uh losing out competitively and leaving you know high value ad positions to other country so we’re seeing interestingly regulatory

Arbitrage taking place to give an example blockchain technology the US from a regulatory point of view has been terrible the EU has been much better in terms of clear regulations uh as opposed to the us all muddled and conf fused so a lot of talent has moved into Europe and and

Actually some of the products they’re building they won’t even let us uh users use because we we are we live in this regulatory regime so I think there’s going to be regulatory competition and kudos to to Europe for being much clearer in that way Europe is though

Very complicated this is why we entered the market with a partner the different languages the nuances and regulations in the different countries there may be you know EU regulation but then there’s country by country and then of course Very importantly uh uh relationships so there’s a lot to overcome but again the

The barriers to entry are dropping when it comes to technology specifically and regulations are where a lot of the competition’s taking place now on that score I think anyone focused on AI is a little scared of Europe uh just because well we learned from g g gdpr um you know that it it’s

Complicated in Europe uh uh nonetheless what has actually happened is we actually abide by gdpr at ARC because we want to service the European community so you know it will happen over time and it’ll work itself out and I I think we’re going to be using AI we’ve just

Hired a chief investment strategist who’s an AI expert to create a heat map of companies Innovative companies around the world so that we can go and find them because again as the barriers entry come down we want to meet these new companies wherever they are well technology is inherently deflationary um

And in fact we’ve centered our research around that concept the learning Curves in Technologies uh each different technology uh means uh lower costs which are passed down into lower prices so we think there’s going we we actually think we’re going into a deflationary period for two reasons one is good I just

Described it Innovation we’ll see unit booms unit growth booming in these new technologies and costs and prices falling the bad deflation um will happen because well first of all we think monetary policy has been too tight uh and we’re already seeing commodity prices capitulating commodity prices today as measured by the Bloomberg commodity

Price index it’s called bcom Uh are today where they were in the early 80s we we do not have an inflation problem and in fact I think some people are going to be looking back at this period and they’ll begin to talk about uh condrad of I don’t know if that word

Means anything to you but contr the condrad of waves which are very long cycle deflationary waves and I just told you there’s been no inflation in commodity prices since the early 80s if you look at it from that angle and you look at where monetary policy is now

Where do we go well we would be going down and we have been going down and so that’s going to be very disruptive as well as is innovation when it comes to the old world it’s going to disrupt disintermediate and perhaps destroy lots lots of parts in the old world we see

What’s happening with traditional internal combustion engine powered cars right uh that they’re going they can’t afford to cut prices but EVS can because it’s a much newer technology and so they’re going to be in a world of hurt we think during the next 5 to 10 years

As EVS take massive share and continue to cut prices so there’s Kathy Wood CEO and founder of arch invest with her in-depth analysis of the potential surge in bitcoin’s value predicting a Monumental rise to a $20 trillion asset this astounding forecast suggests a staggering 30X increase which could

Elevate the worth of a single Bitcoin to an incredible $1.3 million but the journey doesn’t end there in a thought-provoking Twist Kathy also highlighted why she believes artificial intelligence and self-driving cars could overshadow even Bitcoin and the BR crypto space a revelation that underscores the dynamic and ever

Evolving nature of the financial world before we wrap up a gentle reminder that if this deep dive into the financial Universe has captivated you don’t forget to subscribe and like the video anyway guys hope you all enjoyed today’s video and that provided you with some value

See you all in the next one and as always all the best