Cathie Wood, CEO of Ark Invest, recently announced that she will support former President Donald Trump as the Republican candidate in the upcoming U.S. presidential election.
She cited economist Arthur Laffer, who served as an economic advisor to Trump's 2016 campaign, calling the first three years of the Trump administration "the best period in U.S. economic history" before the COVID-19 pandemic.
Cathie Wood has consistently supported cryptocurrencies, and Trump has recently shown a positive attitude towards the industry. This shows that support for cryptocurrencies remains a common denominator even across different political stances and policy orientations. Investors and market analysts will be closely watching these remarks to assess their possible impact on the cryptocurrency market and related policies.