Cathie Wood: ARK Invest recently went against the trend and bought cryptocurrency related assets

BlockBeats News: On March 24th, Cathie Wood, founder of ARK Invest, stated that the United States has entered a "rolling recession" (a cyclical recession in different industries). Cathie Wood is pessimistic about the short-term outlook for the US economy, but expects the Federal Reserve and the Trump administration to take action soon. Cathie Wood pointed out that Trump's heavy tariffs and wave of layoffs are forcing American households to tighten their wallets, "the fear of unemployment is causing the savings rate to soar and the consumption engine to suddenly stall. She revealed that ARK Invest recently went against the trend and bought cryptocurrency related assets such as Tesla, Coinbase, and Robinhood, firmly believing that "technological disruption will bring about benign deflation".