Oct 3 2024: Cathie Wood, the CEO of Ark Invest, recently shared her optimistic views on artificial intelligence (AI) and Bitcoin via social media platform X (formerly Twitter). Praising AI, Wood referred to it as “the most transformative technology in history,” highlighting its potential to catalyze innovation in fields like autonomous mobility and disease-curing multiomics sequencing.
Ark’s Chief Futurist, Brett Winton, also released a white paper discussing the rapid growth of AI and its future impact. The document underscores the significant role AI will play in reshaping industries and driving technological advancement.
Meanwhile, Robert Kiyosaki, author of Rich Dad Poor Dad, has echoed Wood’s enthusiasm for AI, noting that its integration into finance could trigger substantial disruptions. He cites the upcoming book GPT Money by Jim Richard, which forecasts major changes in the financial sector due to AI. Kiyosaki believes that Bitcoin could reach $500,000 by 2025 and $1 million by 2030 due to these shifts.
At the time of writing, Bitcoin is trading at $61,360. Cathie Wood has made bullish predictions for Bitcoin, forecasting a moderate price of $600,000 by 2030. However, in an extremely optimistic scenario, she projects Bitcoin could skyrocket to $1.5 million per coin by that time.
In addition to Bitcoin, AI developments from companies like OpenAI (ChatGPT), xAI (Grok), Microsoft (Copilot), and Apple continue to push the boundaries of what’s possible, further fueling optimism about AI’s future potential.
