‘We are worried about a recession,’ but there’s a silver lining — Cathie Wood
Despite recent volatility in crypto and traditional markets, “long-term innovation wins,” Wood said as she doubled down on ARK’s long-term bets.
ARK Invest CEO Cathie Wood believes the White House is underestimating the recession risk facing the US economy stemming from US President Donald Trump’s tariff policies — an oversight that will eventually force the president and Federal Reserve to enact pro-growth policies.
Speaking virtually at the Digital Asset Summit in New York on March 18, Wood said US Treasury Secretary Scott Bessent isn’t worried about a recession.
However, Wood said, “We are worried about a recession,” adding, “We think the velocity of money is slowing down dramatically.”
