Ark Invest CEO Cathie Wood Will Support Donald Trump in the US Presidential Election

Cathie Wood spoke out at a conference in Las Vegas hosted by financial analyst Kevin Paffrath. She noted that the first three years of Trump's presidency were "the best in US economic history," citing economist Arthur Laffer.

"Like I told my kids, 'Listen, I'm going to vote for the guy who's going to do what's best for our economy.' I'm a voter when it comes to the economy. And on that basis, Trump," Cathie Wood said.

Wood also emphasized that she was impressed by Trump’s support for the cryptocurrency industry. Trump has repeatedly endorsed digital assets during the current election campaign, declaring his intention to become the "crypto president."

“Trump has expressed support for the cryptocurrency industry and is ready to promote the development of the industry in the United States,” said Cathie Wood.

Trump also held meetings with representatives of mining companies, promising to support their interests in the White House. He emphasized that the activities of such companies contribute to the stable operation of the energy system, which makes them important participants in the economic ecosystem.

The head of Bitcoin Magazine, David Bailey, claims that Trump was interested in the possibility of solving the problem of the US national debt through Bitcoin. Recall that the country's national debt is $34.7 trillion, and the use of cryptocurrencies can offer innovative approaches to reduce it.

Cathie Wood, who heads Ark Invest, expressed confidence that Donald Trump is able to restore the economic and industrial power of the United States. Trump's support for the cryptocurrency industry and his efforts to develop the digital economy play an important role in its solution. Wood, like many others, believes a strong economy is key to the country's prosperity, and her vote in the election will be cast in support of that direction.