ARK Invest CEO Cathie Wood suggested that technologies such as blockchain could increase the growth potential if Donald Trump is elected president. In his new YouTube video, Wood stated that loosening federal regulations will create a great opportunity for technological innovation.
Theoretical Support in the Field of Technology
According to Wood, Trump’s election could accelerate advances in technology through reduced government spending and regulations. It is predicted that these developments will be seen especially in areas such as robotics, energy storage, artificial intelligence, blockchain technology and multi-omics sequencing.
Cathie Wood recalled that Trump is trying to create the image of a crypto-friendly candidate this year, but has taken a harsh stance against this sector in the past. Trump had previously described cryptocurrencies as an “expected disaster” and asked then-Treasury Secretary Steven Mnuchin to accept Bitcoin. 
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Evaluations on Crypto and Technology from Wood
Cathie Wood stated that some technologies are inherently deflationary and that these features, combined with increased productivity, lead to an acceleration of developments. He stated that this situation will encourage growth in unit production and prices will either remain stable or fall.
Wood said: “Technologies are inherently deflationary. “They provide large gains in productivity, which in turn accelerates unit growth, causing prices to remain stable or declining.”
Future Predictions and Political Implications
Wood said that while Trump’s past stance on digital assets has been harsh, he tried to take a more positive approach to crypto during the campaign. Reducing regulations in the field of technology can have a positive impact on the sector by paving the way for innovation.
According to Wood, blockchain and other important technologies are currently accelerating the growth curve. He states that if released, these technologies will rise with great momentum.
These explanations provide important clues about how technological innovation will be shaped depending on political orientations. Wood’s views can be a guide in evaluating possible opportunities and risks for technology companies and investors.
Companies and investors operating in the field of technology can determine strategies by taking into account the impact of political changes on the sector. The easing of regulations can pave the way for the development of new technologies and projects.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
