ARK Funding Administration head Cathie Wooden is making a daring prediction about the way forward for finance and expertise.
Wooden tells her 1.5 million Twitter followers that when the Federal Reserve pivots, a surging financial system harking back to the “Roaring Twenties” is prone to comply with.
She says as soon as the financial system begins surging, blockchain expertise, together with 4 different tech improvements, will come out forward.
“At this time, 5 main innovation platforms are evolving on the identical time – multiomics sequencing, robotics, power storage, synthetic intelligence, and blockchain expertise, all of that are converging! Tesla is main the ‘cost’ in three, however I wouldn’t be stunned to see 4–5.
As soon as the Fed stops trying backward at CPI inflation and begins addressing the deflationary banking disaster {that a} 19-fold enhance in brief charges and an inverted yield have brought on, we’d not be stunned to see a return to the Roaring Twenties.”
The Bitcoin bull additionally says the US financial institution collapse confirmed the advantages of cryptocurrencies. She says crypto remained steady and networks carried out reliably in the course of the banking failures.
“Whereas the US banking system was seizing up in response to financial institution runs threatening regional banks, Bitcoin, Ethereum, and different crypto networks didn’t skip a beat. Instability within the banking system threatened stablecoins, the on-ramps to DeFi [decentralized finance], in stark distinction to regulator rhetoric.”
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