Source: FarsideARK also offers crypto portfolio solutions to wealth managers through its partnership with Eaglebrook Advisors. Wood told the New York Digital Asset Summit that “long-term innovation wins as we go through these trials and tribulations,” referring to the recent market correction. When asked if crypto assets remain an “investable arc” over the long term, Wood said this strategy was the cornerstone of ARK’s investment approach. “[W]e’ve built out positions in more than just the big three,” she said, referring to Bitcoin, Ether (ETH) and Solana (SOL).
Source: CointelegraphA slowdown in the velocity of money means capital is changing hands less frequently, which is typically associated with a recession, as consumers and businesses spend and invest less money. “I think what’s happening, though, is that if we do have a recession, declining GDP, that this is going to give the president and the Fed many more degrees of freedom to do what they want in terms of tax cuts and monetary policy,” said Wood. Investors believe the first domino could fall in the coming months when the Fed puts an end to its quantitative tightening program — something bettors on Polymarket believe is 100% certain to happen before May.
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.”Cathie Wood speaks virtually at the Digital Asset Summit.
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