U.S. presidential election debate kicks off this week
The 2024 U.S. presidential election will be held in November, and the first television debate that attracts global attention will be held this Friday, the morning of June 28, Taiwan time. The current focus of the world is on the current President Joe Biden. The showdown between Joe Biden and his predecessor, Donald Trump.
However, at a recent conference in Las Vegas, an unexpected voice emerged - Cathie Wood, CEO of Ark Invest, known as the female stock goddess, publicly expressed her support during an interview at the conference Trump has triggered discussions in the financial circle.
The female stock god supports Trump?
It is reported that this interview was initiated by Kevin Paffrath, a well-known American YouTuber, financial analyst and former real estate agent. In the exclusive interview, Kevin Paffrath asked, "Will you vote for Biden or Trump in the US presidential election in November?" Cathie Wood said she would vote for Trump.
Cathie Wood said that as a mother, she will vote for candidates who can make the greatest contribution to the U.S. economy. She quoted the views of the well-known economist Arthur Laffer, emphasizing that she evaluates from the perspective of economic development, and Special mention was made of Trump’s impact on the U.S. economy in the three years before the COVID-19 pandemic:
"That was the best performance in the history of the U.S. economy."
However, the content of the interview caused considerable controversy. Many people believed that it contained Cathie Wood's personal political factors. Some people criticized the host Kevin Paffrath's "Trump or Biden" as a deliberate 2-choice question.
Afterwards, the video was taken down, and Kevin Paffrath also apologized for it and emphasized that he had no intention of shaping a political stance. He clarified that after the video was edited, some clips explaining the reasons for support were not fully broadcast, which inadvertently misled the audience into thinking that Cathie Wood only supported Trump. It's because of economic considerations.
Is the main reason for supporting cryptocurrency?
In addition to trust in economic policy, there is one clear point of resonance between Cathie Wood and Trump – cryptocurrency.
As the leader of Ark Investment, Cathie Wood has always been a supporter of cryptocurrency. Her Ark Investment Company began to include Bitcoin in its investment strategy as early as 2015. Since then, Ark Investment has continued to purchase the largest transactions in the United States. The stocks of cryptocurrency-related companies such as Coinbase continue to expand the scale of investment in the cryptocurrency field, and successfully obtained SEC approval in January this year to issue a Bitcoin spot ETF.
As Biden and Trump are about to debate, cryptocurrency has become an important election issue. It is reported that Biden's campaign team is considering following Trump's example and accepting cryptocurrency donations through Coinbase Commerce. The trend in courting crypto voters underscores the growing importance of cryptocurrencies in U.S. politics and the economy.
