Cathie Wood: ARK Invest Recently Contrarian Bet on Cryptocurrency-Linked Assets

BlockBeats News, March 24th, ARK Invest founder Cathie Wood stated that the United States has entered a "rolling recession" (a recession where different industries are affected at different times).

Cathie Wood is pessimistic about the short-term outlook for the U.S. economy but expects quick action from the Federal Reserve and the Trump administration.

Cathie Wood pointed out that Trump's heavy-handed tariffs and a wave of layoffs are forcing American households to tighten their belts, "fear of unemployment is driving up the savings rate, and the consumer engine has suddenly stalled." She revealed that Ark Investment has recently counter-cyclically invested in cryptocurrency-related assets such as Tesla, Coinbase, and Robinhood, believing that "technological disruption will bring about benign deflation."