Cathie Wood Praises AI’s Potential

Cathie Wood, a renowned investor and CEO at Ark Invest, shared her thoughts on AI via the X social media platform, praising its transformative power and sharing a recent “white paper” authored by Ark’s Chief Futurist, Brett Winton.

This document discusses the rapid expansion of AI technology and its future potential, which Wood calls “the most transformative technology in history” and a key driver of innovation in areas like autonomous mobility and healthcare.

Recent developments in AI include notable launches like OpenAI’s ChatGPT, Midjourney, Grok by Elon Musk’s xAI, Microsoft’s Copilot, and upcoming AI products from Apple.

Cathie Wood’s Bitcoin Predictions

In addition to her AI insights, Wood is a strong advocate for Bitcoin, predicting a moderate price of $600,000 by 2030, with a possible bullish scenario reaching $1.5 million. This aligns with investor Robert Kiyosaki’s forecasts of significant market disruptions due to AI, projecting Bitcoin to hit $500,000 by 2025 and $1 million by 2030.

As of now, Bitcoin’s price stands at $61,360.

Originally published on U.Today