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Editing cryptocurrencies unleash “animal spirits”

Cathy Wood, CEO of ARK Invest, provided visions about how Donald Trump’s return to the White House could change the scene of encrypted currencies.

Woods referred to the early signals of the management of encrypted currencies through recent appointments and market developments. Speaking about Bloomberg’s ETF IQ, Wood highlighted Trump’s participation before his inauguration in the coins (which has since become now Shattered) As an indication of his commitment to the encrypted currency.

She also praised the appointment of Paul Atkins as a commissioner for the Securities and Exchange Committee, describing it as “a supporter of encrypted currencies”, and expects to organize digital assets – or cancel organizational restrictions – under his leadership.

Treating the appearance of the Mimy currencies titled Trump, such as the official Trump currency (TrumpWood drawing similarities with the 2017 ICO movement. She suggested that although these symbols may lack immediate benefit, they work to present the cryptocurrency to new fans.

For the full clip, see below.

https://www.youtube.com/watch?v=smggqpvnyey

“The ICO movement in 2017 brought this new technology to a completely new group of people,” Wood said. I compared the first days to adopt the Internet, when the broad investment in infrastructure ultimately led to technological progress.

When discussing specific investments in encrypted currencies, Wood emphasized the ARK focus on the “big three” – Bitcoin, Ethereum, and Solana – instead of the nimexial currencies. It highlighted the Arkb’s ARKB as one of the largest Bitcoin boxes circulating on the stock exchange, while maintaining exposure to ETHEREUM and Solana through special boxes.

Wood expressed optimism about the Trump economic agenda, explaining how the new administration changes “fear to optimism” and that the abolition of organizational restrictions “unleashes animal spirits.”

She says ARK investment strategies have started to show positive momentum while increasing the desire to risk. However, Wood stressed that their primary approach to investing in innovation has not changed.

The discussion showed Wood’s view that the mix of political support, organizational clarity and market changes under the Trump administration can accelerate the adoption of encrypted currencies.

https://crypto.news/app/uploads/2023/12/crypto-news-Cathie-Wood-option01.webp

2025-01-25 19:40:00

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