Ark Invest’s Bitcoiner Cathie Wood Makes Stunning AI Prediction

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As a seasoned financial analyst with over two decades of experience under my belt, I find myself consistently intrigued by the bold and innovative predictions made by industry leaders like Cathie Wood and Robert Kiyosaki.

Cathie Wood, a well-known investor and CEO of Ark Invest, recently used her account on the X social media site (previously known as Twitter), to express admiration for artificial intelligence and discuss a recent “research paper” she had published.

This paper is penned by Ark’s Lead Visionary, Brett Winton, delving into the present state of artificial intelligence (AI), its rapid progression, and its projected potential, along with its anticipated accomplishments in the years to come.

Cathie Wood views artificial intelligence as the most groundbreaking technology ever and a primary driver of future innovations. In areas such as autonomous transportation and advanced genomics research for curing diseases, she anticipates these innovation platforms will play significant roles.

According to ARK, Artificial Intelligence (AI) stands as the most revolutionary technology ever, serving as the primary driver for other innovative platforms such as autonomous transportation and multiomics sequencing in the mission to find cures for diseases. A fascinating read from @wintonARK, who is the Chief Futurist at ARK!

— Cathie Wood (@CathieDWood) October 2, 2024

As a crypto enthusiast, I’ve noticed an accelerated growth in the realm of AI bots lately, with a flurry of updates being rolled out consistently. Among these, ChatGPT, developed by OpenAI, has garnered significant attention, while Elon Musk’s xAI start-up has introduced its own contender, Midjourney and Grok. Microsoft has also entered the scene with their AI bot, Copilot, and Apple is reportedly delving into AI product development as well.

Cathie Wood: Bitcoin to $1.5 million

Besides her passion for AI, Cathie Wood is a strong advocate for Bitcoin, predicting a very optimistic price point for it. At the end of 2023 and in January this year, she made an exceptionally positive prediction about BTC‘s value. In November, she forecasted that Bitcoin would likely reach a moderate price of around $600,000 by 2030. If a particularly bullish outlook comes to fruition by then, the most prominent cryptocurrency could potentially hit $1.5 million per coin by that time.

According to Robert Kiyosaki, who wrote the influential book on financial management, “Rich Dad Poor Dad,” and who recently tweeted, the upcoming book “GPT Money” by Jim Richard predicts that Artificial Intelligence will bring significant disruption to the finance sector. This perspective aligns with my own price outlook.

According to his repeated tweets, Kiyosaki anticipates a significant financial crisis due to the integration of AI-powered bots into finance. Given this anticipated shift, he suggests that by 2025, Bitcoin could potentially reach $500,000 and even skyrocket to over $1 million by 2030, as per the book he mentioned earlier.

At the time of this writing, Bitcoin is changing hands at $61,360.

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2024-10-02 19:02