ARK Invest CEO Cathie Wood expressed concerns about a potential recession in the US economy due to President Donald Trump’s tariff policies during her virtual appearance at the Digital Asset Summit in New York. Wood highlighted the slowing velocity of money, indicating a possible economic downturn where consumers and businesses spend less. She suggested that a recession could prompt the President and the Federal Reserve to implement tax cuts and monetary policies to stimulate growth. Market speculators foresee the Fed ending its quantitative tightening program before May, leading to expectations of rate cuts later in the year. Wood emphasized ARK’s long-term investment strategy, having been actively involved in cryptocurrency investments, including the successful approval of a Bitcoin exchange-traded fund (ETF). With over $3.9 billion in net assets, ARK continues to offer crypto portfolio solutions to wealth managers. Wood remains optimistic about the long-term potential of crypto assets, emphasizing the importance of innovation amid market challenges. She noted the positive impact of regulatory changes on the investment landscape, encouraging institutional interest in cryptocurrencies. Wood’s insights reflect a growing trend towards embracing crypto assets as a viable investment class, supported by evolving regulations and institutional recognition.<\/p>\n","protected":false},"excerpt":{"rendered":"
ARK Invest CEO Cathie Wood expressed concerns about a potential recession in the US economy due to President Donald Trump’s tariff policies during her virtual appearance at the Digital Asset Summit in New York. Wood highlighted the slowing velocity of money, indicating a possible economic downturn where consumers and businesses spend less. She suggested that […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/67347"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=67347"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/67347\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=67347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=67347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=67347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}