Trump has lately shown great support for the cryptocurrency sector.
Since last month Trump has also started accepting cryptocurrency donations.
The CEO of the U.S investment company Ark Invest, Cathie Wood, has stated her intention to cast her ballot for the presumed Republican candidate for president, Donald Trump, who is a former U.S. president. Over the weekend, Kevin Paffrath, a maker of financial information, hosted a conference in Las Vegas, where Wood spoke.
Before the COVID epidemic hit, the first three years of Trump’s presidency were the “best in U.S. economic history,” according to economist Arthur Laffer, whom Wood quoted in her speech. In 2016, Laffer advised Trump’s campaign on economic matters.
While Trump has lately shown great support for the cryptocurrency sector, Ark Invest’s CEO has long been an advocate of the cryptocurrency.
Backing Crypto Sector
In 2015, Ark Invest made headlines when it revealed that its ARK Web x.0 ETF had made history by investing in bitcoin. Since then, the firm has increased its stake by purchasing stock in Coinbase and other crypto-related businesses.
Moreover, since last month, Trump has taken cryptocurrency donations and has spoken out in favor of cryptocurrency, non-fungible tokens, and bitcoin mining. Cameron and Tyler Winklevoss, who are the co-founders of Gemini, donated $2 million worth of bitcoin to the Trump campaign last week.
Industry experts revealed earlier this month that the Biden campaign was in talks with crypto industry heavyweights over the possibility of accepting cryptocurrency donations via Coinbase Commerce.
On June 27, the United States will see the live broadcast of the presidential debate between Donald Trump and Joe Biden. As bears gain strength, the cryptocurrency market is struggling. Bitcoin (BTC) is under heavy selling pressure, plunging below the $62,000 mark. Similar is the case with altcoins, with most of them trading in red.
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