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Ark Invest’s Cathie Wood Predicts Tech Boom and Crypto Growth with Trump Presidency

11.11.2024 16:00 2 min. read Kosta Gushterov
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Ark Invest’s Cathie Wood Predicts Tech Boom and Crypto Growth with Trump Presidency

Cathie Wood, founder of Ark Invest, anticipates that Donald Trump’s potential return to the presidency could bring major shifts to the U.S. economy and crypto landscape.

She sees this change as especially impactful for regulatory bodies like the SEC and FTC, where new leadership could help foster a more innovation-friendly environment. Wood argues that under current leadership, particularly SEC Chair Gary Gensler, regulatory approaches have hampered the digital asset sector, driving talent and investments abroad.

She suggests that a shakeup in these agencies could unlock significant growth, not only for crypto but also for transformative fields like robotics, AI, and energy storage.

Wood envisions a deregulated landscape that would echo the economic prosperity of the 1980s and 1990s, when active equity investing thrived. She believes this environment would encourage tech-driven innovation across various sectors, creating a “golden age” of productivity.

Wood’s forecast also includes the potential for Trump to publicly support Bitcoin as a strategic asset for the U.S., a move she believes could elevate the crypto market’s appeal and boost adoption across DeFi and blockchain platforms.

In addition, Wood notes Elon Musk’s growing influence in U.S. policy, specifically with his Department of Government Efficiency (D.O.G.E.) initiative, which she sees as potentially driving economic benefits. Her views align with market sentiment from industry leaders like Charles Hoskinson, who advocates for clearer U.S. crypto regulations. This momentum, according to Wood, could propel the U.S. as a global leader in technology and economic innovation.

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