Cathie Wood Declares AI, Bitcoin, and Tesla Will Bulldoze the ’Rolling Recession’

ARK Invest’s CEO throws down the gauntlet—claims the trifecta of AI breakthroughs, Bitcoin’s resurgence, and Tesla’s relentless innovation will steamroll economic uncertainty.

Wall Street skeptics roll their eyes—yet again—as Wood doubles down on her signature ’disruption or bust’ thesis. Meanwhile, traditional finance clings to its spreadsheets like a security blanket.

One question remains: Will this finally be the hype cycle that sticks—or just another entry in Wood’s portfolio of bold (and occasionally bruising) predictions?

Wood expressed unbridled bullishness for AI, Bitcoin, and Tesla

When asked about the primary drivers contributing to the end of the described rolling recession, Wood maintained her longstanding support for the technology sector with a primary focus on automation, Bitcoin, and Tesla. 

According to a recent filing, ARK Invest purchased 107,661 shares of Nvidia valued at approximately $12.2 million alongside increased investments in chipmaker AMD and science stock CRISPR. Alongside her bullishness for these firms, she reiterated her full-throated support for Bitcoin, citing an upside price target of more than one million USD. 

“We have always had a 2030 target,” Wood told Sorkin, adding that she viewed “the base case in the $700,000 to $750,000 range” and the bull case “in the $1.5 million range.”

Tesla expected to serve as the workhorse for US economic growth

The Ark Invest CEO saved her most bullish predictions for Elon Musk’s Tesla, which she touted as a three-pronged booster for economic growth. Per Wood, “the reason Tesla is ahead of the game is … the three platforms it’s already innovating on: robots, energy storage … and AI.

According to Wood, those three technologies will drive a massive market for robotics in the FORM of autonomous vehicles, energy storage (likely related to data clusters and AI infrastructure), and the artificial intelligence sector as a whole. 

“We think that’s a $26 trillion revenue opportunity,” said Wood. She added that the gains would be “split between home and industrial” and realized in the next five to ten years.

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