U.Today – Cathie Wood, a well-known investor and CEO of Ark Invest, took to her account on social media platform X (formerly popular as Twitter) to praise AI and also share the recent “white paper.”
This document was written by Ark's chief futurist, Brett Winton, and addresses the current development of AI, its fairly rapid expansion, and the potential of this technology, as well as what it can achieve in the future.
Cathie Wood has called AI “the most transformative technology in history and the greatest catalyst for other innovation platforms.” She believes that in the future these platforms are likely to work in spheres such as “autonomous mobility and multi-omics sequencing in the quest to cure diseases.”
AI robots have expanded rapidly recently and have implemented numerous updates. The most famous so far are ChatGPT, created by OpenAI; Midjourney and ChatGPT rival Grok, developed by Elon Musk's xAI startup. Microsoft (NASDAQ 🙂 also launched its AI called Copilot, and Apple (NASDAQ 🙂 is also working on AI products.
Cathie Wood: $1.5 million
Aside from her interest in AI, Cathie Wood is a prominent Bitcoin advocate, having made an ultra-bullish prediction of the BTC price in late 2023 and in January of this year. In November, Wood said he expected a moderate price for Bitcoin to reach $600,000 by 2030. However, if a bullish scenario develops by then, the world's largest cryptocurrency would reach $1.5 million per coin by that time. moment.
This price perspective coincides with that of investor and author of the popular book on financial management, “Rich Dad, Poor Dad,” Robert Kiyosaki. In a recent tweet, talking about the book called “GPT Money” written by Jim Richard, which is about to be published, Kiyosaki said that AI was going to greatly disrupt the financial industry.
As he stated many times in his tweets, Kiyosaki expects a major financial crisis to occur as AI-based robots enter the sphere of finance. In light of these expected changes, Kiyosaki cited the aforementioned book to say that by 2025, Bitcoin is likely to reach $500,000, and by 2030, it may rise as high as $1 million.
At the time of writing, Bitcoin is changing hands at $61,360.
This article was originally published on U.Today.
