Ark Invest’s Cathie Wood Makes Bold AI Prediction

Cathie Wood, a prominent investor and CEO of Ark Invest, recently shared her enthusiasm for artificial intelligence (AI) on the X social media platform. In her post, she highlighted a new “white paper” authored by Ark’s Chief Futurist, Brett Winton. This paper discusses the rapid advancements in AI, its potential, and the transformative impact it may have in the future.

Wood described AI as “the most transformative technology in history and the biggest catalyst to other innovation platforms.” She envisions that these future platforms will likely focus on areas such as “autonomous mobility and multiomics sequencing in the quest to cure diseases.”

The AI landscape has seen quick advancements lately, with several new updates and releases. Notable AI systems include ChatGPT by OpenAI, Midjourney, and Grok, which is developed by Elon Musk’s xAI startup. Microsoft has introduced its AI tool called Copilot, while Apple is also developing AI products.

In addition to her interest in AI, Wood is a strong supporter of Bitcoin and has made optimistic predictions about its price. She anticipates that Bitcoin could reach a price of $600,000 by 2030, and if market conditions are favorable, it could rise to $1.5 million per coin by that time.

Wood’s bullish outlook aligns with statements from Robert Kiyosaki, author of “Rich Dad Poor Dad.” Kiyosaki recently discussed the impact of AI on the finance industry in his upcoming book titled “GPT Money.” He believes that AI-driven changes will trigger a significant financial crisis and has predicted Bitcoin could reach $500,000 by 2025 and even potentially hit $1 million by 2030.

Currently, Bitcoin is trading at approximately $61,360.