ARK Invest CEO: Crypto Assets Will See Huge Turn

blockchain.news:

The chief executive officer of the cryptocurrency and technology investment business ARK Invest predicts that this year will see a significant shift in the value of crypto assets due to a decline in inflation and a shift in monetary policy by the Fed. Cathie Wood, CEO of ARK Invest and Chief Investment Officer, provided an assessment of the macroeconomic forecast in a video blog post for the firm that was published on January 23.

She said that there were several signs pointing to reduced inflation, which «suggests that the Fed should pivot shortly.» She was referring to the recent pivot that the Fed made.

As the macroeconomic outlook improves and financial constraints are eased, this would be positive for risky assets such as cryptocurrency.

She also said that the company anticipates inflation would decrease to the 2% goal level set by the Fed.

Nevertheless, Wood anticipated that inflation may go below this level and perhaps into negative territory since the money supply has been declining. This is due to the fact that the money supply has been falling.

She said that the market is now awaiting a signal from the Federal Reserve, and she went on to say that «we expect it will happen in the first half of 2023.»

She said that the portfolios that ARK Invest manages ought to perform rather admirably in the event that interest rates are set to fall below forecasts.

ARK operates not just a cryptocurrency asset fund but also a blockchain venture investment fund, a disruptive innovation fund, and six active exchange-traded funds that are centred on technology and fintech (ETFs).

While this was going on, ARK Chief Futurist Brett Winton was discussing artificial intelligence (AI), and he said that advancements in this field will