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Ark Invest CEO predicts crypto recovery with potential Fed shift

The CEO of Ark Invest believes that crypto will experience a resurgence

The CEO of Ark Invest, Cathie Wood, believes that crypto assets will experience a resurgence in the coming year due to falling inflation and a potential pivot by the Federal Reserve.

Wood discussed the macroeconomic outlook in a recent video blog and noted signals pointing to lower inflation, which suggests that the Fed should pivot soon.

This would be beneficial for risk-on assets such as crypto as the macroeconomic outlook improves.

Wood also predicted that inflation could fall below the 2% Fed target level, and even into negative territory, due to the decreasing money supply.

The market is waiting for a signal from the Federal Reserve, which Ark Invest believes will come in the first half of 2023.

Additionally, Ark’s Chief Futurist Brett Winton also predicts that AI will accelerate in 2023 and that crypto assets will see a big turnaround this year.

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Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.