Cathie Wood: U.S. Economy Facing Rolling Recession, Buy Crypto Assets – Coincu
The post Cathie Wood: U.S. Economy Facing Rolling Recession, Buy Crypto Assets – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Cathie Wood predicts U.S. recession while buying crypto assets. Wood: Technological disruption will drive healthy deflation. Market watches for policy shifts, potential crypto impact. Cathie Wood Predicts U.S. Recession and Crypto Investments Cathie Wood, CEO of ARK Invest, has announced a “rolling recession” in the U.S. economy, with different industries experiencing downturns at different times. She expects negative growth quarters, impacting financial markets and consumer confidence. Cathie Wood recently described the U.S. economy as being in a “rolling recession” during an interview with Bloomberg. She predicts 1-2 quarters of negative growth due to collapsing velocity of money. Wood’s investment strategy remains counter-cyclical, aiming to capitalize on future technological disruptions by purchasing crypto-related assets amidst this economic prediction. Wood’s Crypto Strategy Amid U.S. Economic Challenges ARK Invest’s focus on crypto assets like Tesla, Coinbase, and Robinhood highlights an investment pivot. Wood reasons that technological disruption will drive healthy deflation, contrasting with her short-term economic concerns. Her predictions come as a shift from earlier this month, when Wood anticipated a post-recession stock market surge. Market reactions to Wood’s statements suggest a mixed sentiment. While some investors see potential in long-term crypto investments, others remain cautious. Wood’s strategy indicates confidence in the transformative impact of technology, even as traditional economic indicators signal distress. “We think we’ve been in a rolling recession, and that we are actually going to see some negative quarters here, and that’s because the velocity of money is collapsing.” – Cathie Wood, CEO, ARK Invest Crypto Market Insights and Economic Predictions Did you know?Cathie Wood’s shift in economic outlook comes shortly after stating the U.S. economy was exiting a “three-year rolling recession,” showing her dynamic strategic adaptability to changing economic conditions. Recent data from CoinMarketCap shows Ethereum (ETH) valued at $2082.62 with recent 24-hour trading volumes reaching $12.09…
Filed under: News - @ March 24, 2025 1:23 pm