Cathie Wood: Ark Invest recently bought crypto-related assets against the market trend, firmly believing "technological disruption will bring beneficial deflation"
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Cathie Wood: Ark Invest recently bought crypto-related assets against the market trend, firmly believing "technological disruption will bring beneficial deflation"
According to Jinshi, Cathie Wood, CEO of Ark Invest, said the U.S. has entered a "rolling recession" (a recession rotating across different industries). In an interview with Bloomberg, Wood stated, "We believe we are already in a rolling recession, and indeed we will see some quarters of negative growth, as the velocity of money is collapsing." She predicted that the collapse in money velocity would trigger one to two quarters of negative economic growth in the United States, setting the stage for tax cuts under the Trump administration and interest rate cuts by the Federal Reserve. Despite short-term concerns about the U.S. economy
Navigating Web3 tides with focused insightsTechFlow news, on March 24, according to Jinshi News, Cathie Wood, CEO of Ark Invest, stated that the U.S. has entered a "rolling recession" (a recession rotating across different industries).
In an interview with Bloomberg, Wood said: "We believe we've already entered a rolling recession, and indeed we will see some quarters of negative growth, because the velocity of money is collapsing." She predicted that the collapse in money velocity would trigger one to two quarters of economic contraction in the U.S., setting the stage for tax cuts under the Trump administration and interest rate cuts by the Federal Reserve.
Despite her pessimistic outlook on the short-term U.S. economic prospects, Wood revealed that Ark Invest has recently been buying Tesla, Coinbase, and Robinhood—assets linked to cryptocurrencies—against the market trend, firmly believing that "technological disruption will bring beneficial deflation."
Notably, at the beginning of March, Wood had stated at Bloomberg's New York Investment Summit that the U.S. economy was nearing the end of a "three-year rolling recession," after which U.S. stocks would soar. However, she now appears to have changed this view.
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