ARK Invest CEO Cathie Wood believes that blockchain technology and other tech sectors could thrive under a Donald Trump administration due to potential federal deregulation. Wood expects decreased regulation and government spending, which she believes would lead to exponential growth in robotics, energy storage, artificial intelligence, blockchain technology, and multiomic sequencing. Wood notes that these technologies bring significant productivity gains and are inherently deflationary. Despite Trump's previous negative stance on cryptocurrencies, he has recently attempted to position himself as a crypto-friendly candidate to differentiate himself from President Joe Biden and Vice President Kamala Harris.



Other News from Today