According to Bloomberg, Cathie Wood, CEO of ARK Invest, recently said that as part of the Department of Government Efficiency, Musk's new efforts to reduce the size and scope of government will be effective because he knows the sources of regulatory pressure and obstacles. In addition, Cathie Wood reiterated the view that "bitcoin could exceed $1 million by 2030" and said that bitcoin is becoming scarcer than gold. The difference between gold and bitcoin is that when the price of gold rises, production increases and supply increases faster, which is not the case with bitcoin.