Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
ARK Invest’s Cathie Wood Predicts Blockchain Boom Under Trump’s Presidency

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

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.

READ MORE:
Who Might Replace Gary Gensler as SEC Chairman?

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.

<span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>

SHARE: SHARES
0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

The US Senate races the crypto industry will be watching tonight

Crypto stances vary among candidates vying for Senate seats in Utah, Michigan and Arizona

Blockworks2024/11/06 19:55

Republican candidate Bernie Moreno defeats incumbent Sherrod Brown for US Senate seat

Moreno was leading Brown 50.6% to 46% as of 11:30 pm ET, when 91% of votes had been reported

Blockworks2024/11/06 19:55