ARK Invest’s Cathie Wood Predicts Blockchain Boom Under Trump’s Presidency

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Cryptodnes2024/11/06 16:55

By:Cryptodnes

Cathie Wood, CEO of ARK Invest, believes that under a second term for Donald Trump, blockchain and several other tech sectors could see significant growth.

In a recent YouTube video, Wood highlighted that deregulation at the federal level could provide the push needed for technological innovation.

Wood pointed to key fields such as robotics, energy storage, artificial intelligence, blockchain, and multiomic sequencing, predicting that these industries, involving a range of 14 different technologies, are on the verge of entering exponential growth phases.

She explained that technological advancements often lead to deflationary outcomes due to their potential to drastically increase productivity, leading to lower prices or flat growth in some areas.

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Despite Trump’s past criticism of cryptocurrencies, including labeling them a “disaster waiting to happen” and taking action against Bitcoin in 2018, he has recently attempted to present himself as a more crypto-friendly candidate, seeking to distinguish himself from the current administration.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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