Here is why Cathie Wood is unfazed by the recent market downturn

• ARK Invest’s Cathie Wood believes the crypto market bearishness could end soon.
• She predicted that the market capitalization of true “disruptive innovation” will grow exponentially to $210 trillion by 2030.

Cathie Wood, CEO of asset management firm ARK Invest, is unfazed by the long-term move of cryptocurrencies, despite the recent drop in price levels for the asset class.

speak during a recent appearance update of Into the Know In the series, the chief of ARK Invest explained that the increased co-movement between cryptocurrency and stock markets that is causing the current unimpressive move is a sign that the bear market is coming to an end. She said the bearish environment for crypto assets could bottom out soon.

“Crypto, the new asset class, should not look like the Nasdaq, but it is. I know you’re getting closer. Wood was observed.

Blur the noise and expect a boom

The CIO of ARK Invest has always been the bullish type, as evidenced by her company’s bold bets on cryptocurrency investments. Wood believes the recent storm in crypto waters is only temporary. She added that, like ARK’s other investment strategies, crypto assets will explode in the long run.

Wood foreshadows exponential growth and its destructive nature allows it to remain alive in communities and societies.

“Given the misery of today’s stock and bond markets, and now more and more commodity markets and cryptocurrencies, take a look at our research and read our Twitter profile for hope and optimism. I don’t know if I’m excited or confident because our platform is about to change the world and we’re on an exponential growth trajectory right now and this won’t be about 5 years from now. We are now living a reality that was only a dream in the tech and telecom bubble.” she advised.

Wood lists a number of ways she expects growth.Citing her experience, which now spans nearly 50 years, she argued that there is great opportunity in this current market space.In particular, she predicted exponential growth. “A truly disruptive innovation The current market capitalization of $10 trillion will grow to reach $210 trillion by 2030.