The chief executive from crypto and tech investment firm Ark Invest believes crypto assets will see a huge turnaround this year as inflation falls and the Fed pivots.
In a company video blog on Jan. 23, Ark Invest CEO and CIO, Cathie Wood, started with a glance at the macroeconomic outlook. She said there was all kind of 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 and financial belts are loosened.
Ark Invest’s Cathie Wood and Brett Winton on their 2023 outlook. Source: Ark Invest
She added that the firm believes inflation will come down to the 2% Fed target level. However, Wood predicted that inflation could