Wood has been a long proponent of crypto, while Trump has recently expressed support for the crypto industry.
Cathie Wood, CEO of American investment firm Ark Invest, said that she plans to vote for Donald Trump, the former U.S. President and presumptive Republican nominee in the upcoming presidential election.
In her following remarks, Wood cited economist Arthur Laffer in saying that the first three years of the Trump administration prior to the COVID pandemic have been the “best in U.S. economic history.” Laffer was the economic advisor to Trump’s 2016 campaign. Ark Invest announced in 2015 that its ARK Web x.0 ETF had become the first ETF to invest in bitcoin. The company has since expanded its investment by buying shares in crypto-related companies such as Coinbase.
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