Donald Trump is emerging as a favored candidate among key cryptocurrency and traditional finance (TradFi) figures, signaling potential crypto-friendly policies if he is reelected.
Ark Invest CEO Cathie Wood recently voiced her support for Trump in the upcoming 2024 presidential elections, citing her belief in his ability to strengthen the economy.
Wood’s endorsement underscores Trump’s image as a “pro-growth and pro-business” candidate heading into November, as noted by analysts from Bitfinex:
“Wood believes that Trump’s economic agenda, focused on reducing regulations and taxes, will stimulate innovation and technological progress. She emphasizes the importance of innovation for sustained economic expansion and predicts that Trump’s policies will create a supportive environment for disruptive technologies.”
Despite subsequently withdrawing her interview due to concerns over political nuance, Wood’s endorsement carries weight given her stature as a leading technology investor.
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