3 months ago
Ark Invest CEO Cathie Wood said she intends to ballot for erstwhile US president Donald Trump successful the forthcoming November elections.
Wood revealed her intentions during an interrogation with fiscal expert Kevin Paffrath during the weekend. She said:
“I americium going to ballot for the idiosyncratic who’s going to bash the champion for our economy. I americium a elector erstwhile it comes to economics. And connected that basis, Trump.”
The Ark CEO further explained that her determination was influenced by economist Arthur Laffer’s statement of the archetypal 3 years of the Trump presidency “as the champion successful US economical history.”
Wood is the latest large fig from the crypto manufacture to publically endorse Trump. The erstwhile President has adopted a much favorable stance toward crypto successful caller months and pledged to support the manufacture and extremity the Biden administration’s “war connected crypto” if elected.
Trump besides precocious vowed to marque the US a Bitcoin mining “powerhouse” and said the flagship crypto “may beryllium [the] past enactment of defense” against a cardinal slope integer currency (CBDC).
Crypto has go an progressively important contented for American voters this predetermination rhythm and galore are expected to ballot for Trump successful November owed to the Biden administration’s policies toward the industry.
Trump’s endorsement grows
Wood’s endorsement of Trump aligns with respective crypto stakeholders and billionaires backing his re-election campaign.
Last week, Gemini co-founders Tyler Winklevoss and Cameron Winklevoss donated $1 million each successful Bitcoin to Trump’s campaign and said they would ballot for him successful the Presidential elections. They wrote:
“President Trump is Pro-Bitcoin, Pro-Crypto, Pro-Business. And helium volition enactment an extremity to the Biden Administration’s warfare connected crypto.”
Before that, task capitalist David Sacks besides stated that helium supports Trump’s re-election, citing concerns with however President Joe Biden’s administration has handled the economy. He stated:
“I americium giving my endorsement to our 45th President, Donald J. Trump, to beryllium our 47th President. My reasons remainder connected 4 main issues that I deliberation are captious to American prosperity, security, and stableness – issues wherever the Biden medication has veered severely disconnected people and wherever I judge President Trump tin pb america back.”
According to Polymarket data, Trump has a 57% accidental of winning, portion Biden’s chances are pegged astatine 34%.
The station Cathie Wood says she volition ballot for Trump arsenic helium is ‘best’ prime for US economy appeared archetypal connected CryptoSlate.
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