Ark Invest is an investment firm with many risky assets, including cryptocurrencies, through innovation funds.
of bitcoin Thinking it will reach $1 million by 2030 Ark Invest CEO‘This Katie Wood He shared his expectations for the future of the market on CNBC.
Wood, who thinks that the worst interest rate hike adventure ever has come to an end, said that he is optimistic about the markets.
According to Wood, although inflation remains high, FEDWe’ll see it gradually calms down.
Arguing that the corrections in the global markets will cause the money to move, Wood said that when the markets recover, innovation will come to the fore even more.
“The Fed really wants to make sure it’s doing its job and being a part of it.
I believe the stock market is starting to see the other side of things as we start the year and will likely go up.
I don’t know 25 basis points or maybe 50 at this meeting, but I think we are right there and there is a discount in the market so I am optimistic.
It was the same in the early ’80s, those who believed that inflation would fall were the winners in the end. The data is very volatile, I don’t find it right to take a position just by looking at the data.
People have fears that there will be a dotcom bubble-like collapse, but I think these are unfounded. We weren’t ready when tech stocks skyrocketed, and the costs were too high. But not so now. When it comes to innovation, people realize that the ground beneath us is slipping and we are moving very fast, and they are running towards it.
The current market correction provides an opportunity for innovation strategies to evolve as stock markets rally.
We will feel the great impact of artificial intelligence in the next 5-10 years.”
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