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Learning & News => News related to Crypto => Topic started by: TomPluz on June 25, 2024, 04:11:56 AM

Title: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: TomPluz on June 25, 2024, 04:11:56 AM
(https://cryptoslate.com/wp-content/uploads/2024/06/cathie-wood-trump-768x403.jpg)

More of this development here.  (https://cryptoslate.com/cathie-wood-says-she-will-vote-for-trump-as-he-is-best-choice-for-us-economy/)

Quote
Ark Invest CEO Cathie Wood said she intends to vote for former US president Donald Trump in the forthcoming November elections.

Wood revealed her intentions during an interview with financial analyst Kevin Paffrath during the weekend. She said: “I am going to vote for the person who’s going to do the best for our economy. I am a voter when it comes to economics. And on that basis, Trump.”

The Ark CEO further explained that her decision was influenced by economist Arthur Laffer’s description of the first three years of the Trump presidency “as the best in US economic history.”

Wood is the latest major figure from the crypto industry to publicly endorse Trump. The former President has adopted a more favorable stance toward crypto in recent months and pledged to support the industry and end the Biden administration’s “war on crypto” if elected.



As more and more wealthy influencers are getting into the Donald Trump camp and leaving behind the dementia-filled administration and candidacy of Joe Biden, I am seeing a snowball effect going on right now and this must be happening especially in the cryptocurrency industry within USA. As November 5 is getting near, we would see more endorsements coming from people who really have money to spare as DJT is now having the upper hand in the political donation game. Maybe the time has come for many famous figures in the cryptocurrency industry to get out and raise the hand of Donald J, Trump to be the winner in November and be inaugurated in January. I am calling in people who had been prosecuted by SEC and other regulatory agencies under Biden to help defeat this enemy of the cryptocurrency industry. Note: this is just my personal opinion and I apologized if I am hurting the feeling of some sensitive and woke Biden supporters.





Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: hugeblack on June 25, 2024, 05:56:58 AM
I do not think that her speech has anything to do with Trump’s recent statements. I looked into her previous political statements and I can quote.


Quote
Wood backed the 45th president’s bid for re-election – a move that was seemingly incongruent with her invested interests in companies touting science-based solutions. But the Ark founder explained that she was assessing the situation “from a strict economic view”, rationalising that innovation would be better fuelled by continued lower taxes and regulations promised under Trump’s administration.
Source -----> https://www.scmp.com/magazines/style/celebrity/article/3123779/cathie-wood-religious-reddit-hit-trump-supporter-meet-ark

The quote above is from the past election, not the current one.
So there is nothing new in these statements.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: SamReomo on June 25, 2024, 09:19:25 AM
I'm very sure that such statements can increase the votes of the Donald Trump, her alone vote doesn't matter that much but with her that statement she has influenced many others to vote for Donald Trump.

In this coming election I expect Donald Trump to win because majority or almost 90% of crypto community of United States is in support of Donald Trump and if that support continues then his chance of winning the election is going to be high.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Lucius on June 25, 2024, 04:20:44 PM
~snip~
Note: this is just my personal opinion and I apologized if I am hurting the feeling of some sensitive and woke Biden supporters.


I think it's somewhat satirical how crazy people have become with the idea that Trump must become the new president at all costs, because that way honey and milk will flow through the US and probably the whole world as it did when he was president. Trump is a big liar and manipulator who should be behind bars because of everything he has done, but some people on this forum are starting to present him as some kind of crypto messiah who will enable everything the crypto community wants.

Caties just want more money in their account, just like the twins and most of the others who don't care who the president is if it means they can do whatever they want. I think that many will be scratching their heads when T starts to start trade wars again and when he makes moves that he will certainly not mention in his campaign.

He is not fighting any battle for the American people, but for his own survival, considering all the accusations against him.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Stompix on June 25, 2024, 05:21:20 PM
I think it's somewhat satirical how crazy people have become with the idea that Trump must become the new president at all costs, because that way honey and milk will flow through the US and probably the whole world as it did when he was president.

I'm starting to believe that if Hitler came back and promised to turn Auschwitz into a crypto hub he would get +90% of crypto voters on his side. I'm not even trying to understand it anymore, the whole thing about decentralization, about being p2p about being your own bank, and now we have funds that get your money and hand you an IOU paper posing like the saviors and worriers for crypto rights and people cheering for them!

This madness needs to stop before our greed kills one of the best things we have invented lately.



Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Lucius on June 25, 2024, 06:40:35 PM
@Stompix, it must be admitted that today it is very easy to mislead people into thinking exactly what you want them to think. It is obvious that the promises of a crypto paradise that will emerge after Trump takes his chair at Casa Blanca are having a very good effect on the crypto community - and not only those in the US, but everywhere in the world.

Crypto followers are not the only ones who are happy, the other day I read that Trump's attitude towards migrants has softened a bit, because he has nothing against them staying in the country if they finish college.

Of course, let's not forget that the war in Ukraine will end in 24 hours if he becomes president, but we in the EU are not quite sure if this means that Trump will let Putler start an open campaign against the EU and try to reach Berlin like Stalin did in his time, or will threaten him with a nuclear attack?

Be that as it may, I believe that before the end of the year there will be a big circus in the US again.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Z-tight on June 25, 2024, 09:59:28 PM
Cathie Wood has it in her rights to vote for whoever she chooses, but please can we stop with the 'crypto president' thing, BTC is decentralized, and does not have to be dragged into politics.

I cannot understand the BTC community lately, what do you guys believe would happen if Trump becomes president, you think they'll suddenly stop going after BTC privacy solutions or the white house will loud support for BTC, let us wake up, politicians only care for their own interests.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Captain Corporate on June 26, 2024, 12:45:40 AM
"A finance person supporting the president that gave tax brake to all rich finance people". That is your title right there, its not really a shocker and while there are of course some people who do not support Trump while still working in the finance world, he was the president that went the softest towards the establishment. His campaign was filled with "drain the swamp" chants when he was just a nominee, but then he just turned around and gave all the billionaires tax credits and brakes, so he IS the establishment. So someone like Cathie Wood saying Trump is alright? Would be the most normal thing in the world.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: yhiaali3 on June 26, 2024, 06:02:13 AM
My personal opinion about Trump is that he is a political failure, but he is economically successful. Being a successful businessman, he knows the value of the American economy and manages it well, but politically he has greatly harmed the United States and brought it many problems through his policy based on blackmailing all countries, especially rich countries such as the Gulf countries and others.

It is true that Trump is a deceiver and a liar, and I do not have much confidence in his statements, but economically he is successful and I believe that most economic influencers will vote for him. As for the cryptocurrency community, he has tempted them with his recent statements and big promises of openness towards Bitcoin and cryptocurrencies, so most likely the majority of them will vote for him.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: ABCbits on June 26, 2024, 12:27:26 PM
Cathie Wood has it in her rights to vote for whoever she chooses, but please can we stop with the 'crypto president' thing, BTC is decentralized, and does not have to be dragged into politics.

I cannot understand the BTC community lately, what do you guys believe would happen if Trump becomes president, you think they'll suddenly stop going after BTC privacy solutions or the white house will loud support for BTC, let us wake up, politicians only care for their own interests.

I agree, the community already forget phrase "Don't Trust, Verify". If we look at time when both candidate serve as president, neither doesn't bother create policy which favor BTC usage as payment method or let people have decent privacy while using BTC.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Z-tight on June 26, 2024, 02:46:40 PM
I agree, the community already forget phrase "Don't Trust, Verify". If we look at time when both candidate serve as president, neither doesn't bother create policy which favor BTC usage as payment method or let people have decent privacy while using BTC.
True, i do not know why some bitcoiners are eagerly seeking validation from certain governments, a centralized institution like the government cannot support a decentralized network like BTC. The U.S attack against privacy solutions isn't going to stop, notwithstanding who is president after the election. Bitcoiners should forget about politicians and concern themselves on how they can support the BTC network in their own ways.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: ABCbits on June 27, 2024, 12:15:39 PM
I agree, the community already forget phrase "Don't Trust, Verify". If we look at time when both candidate serve as president, neither doesn't bother create policy which favor BTC usage as payment method or let people have decent privacy while using BTC.
True, i do not know why some bitcoiners are eagerly seeking validation from certain governments, a centralized institution like the government cannot support a decentralized network like BTC. The U.S attack against privacy solutions isn't going to stop, notwithstanding who is president after the election. Bitcoiners should forget about politicians and concern themselves on how they can support the BTC network in their own ways.

I can see why some people seeking for validation from government, especially legal status about owning cryptocurrency and using it as payment method. But in this case, they clearly ask far more than validation, where they want government interfere on cryptocurrency development and usage.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Lucius on June 27, 2024, 12:43:38 PM
True, i do not know why some bitcoiners are eagerly seeking validation from certain governments, a centralized institution like the government cannot support a decentralized network like BTC. The U.S attack against privacy solutions isn't going to stop, notwithstanding who is president after the election. Bitcoiners should forget about politicians and concern themselves on how they can support the BTC network in their own ways.

Probably because they are "programmed" to such an extent that they need the approval of their government for everything they do in life. If we look at how susceptible people are to what the government suggests to them, then it is much clearer why a relatively small percentage of people in the world use BTC in one way or another.

People will rather invest in government bonds or treasury bills that have an interest rate of approximately 3-4% per year than in something that the government constantly promotes as an extremely risky investment.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Faisal2202 on June 28, 2024, 10:38:43 PM
As more and more wealthy influencers are getting into the Donald Trump camp and leaving behind the dementia-filled administration and candidacy of Joe Biden, I am seeing a snowball effect going on right now and this must be happening especially in the cryptocurrency industry within USA. As November 5 is getting near, we would see more endorsements coming from people who really have money to spare as DJT is now having the upper hand in the political donation game. Maybe the time has come for many famous figures in the cryptocurrency industry to get out and raise the hand of Donald J, Trump to be the winner in November and be inaugurated in January. I am calling in people who had been prosecuted by SEC and other regulatory agencies under Biden to help defeat this enemy of the cryptocurrency industry. Note: this is just my personal opinion and I apologized if I am hurting the feeling of some sensitive and woke Biden supporters.
Not a US citizen so be chill from my side 😅😅 I also think trump is the best choice as he is really adopting crypto into his own favor lately. He is raising funds via his NFT collection and other campaigns and so far he raised a good amount for upcoming elections. So yeah considering the benefit he is getting from this sector he will definitely support it later as well.

Once the big influencers will step into the field openly and claim their support for Trump publically, more people will follow them and we will see a trend of electing Trump on X. As these influencers did make a great affect on there followers and these followers surely follow there influencers instincts.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Z-tight on June 28, 2024, 11:24:49 PM
Not a US citizen so be chill from my side 😅😅 I also think trump is the best choice as he is really adopting crypto into his own favor lately.
Trump does not care about BTC or the crypto industry, Trump only cares about winning the election that is forthcoming, and if he will score a few points by deceiving gullible crypto users that he is a 'crypto guy', then he is surely going to do it. If you are choosing either of the candidates, it should never be because you feel the one you chose would support BTC, find another reason.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Kemarit on June 29, 2024, 04:35:29 AM
Cathie Wood has it in her rights to vote for whoever she chooses, but please can we stop with the 'crypto president' thing, BTC is decentralized, and does not have to be dragged into politics.

I cannot understand the BTC community lately, what do you guys believe would happen if Trump becomes president, you think they'll suddenly stop going after BTC privacy solutions or the white house will loud support for BTC, let us wake up, politicians only care for their own interests.

But the thing is, it's true that she has every right to vote for whoever she chooses, but she make it public and she is a public figure and that's why we are all debating about whether it's good that she opens her mouth and give us here opinion especially that Trump is supposedly pro-crypto and as CEO of Ark investment, she has her vested interest here.

So the question, is she trying to influence and persuaded other Bitcoin enthusiast with this kind of revelations? And that she thinks that Trump is the best candidate for the US right now and will turn the tide and make US great again?

And as per the debate, I'm not a US citizen, but from what I read, it hurt Biden as it shows that he can't run the country at 80+ years old.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Faisal2202 on June 29, 2024, 06:36:15 PM
Trump does not care about BTC or the crypto industry, Trump only cares about winning the election that is forthcoming, and if he will score a few points by deceiving gullible crypto users that he is a 'crypto guy', then he is surely going to do it. If you are choosing either of the candidates, it should never be because you feel the one you chose would support BTC, find another reason.
That's an obvious thing, who knows if he will fulfill his promises or not. But betraying the voters is only going to lose his trust among the people. So next time, people won't be giving votes to him, either he supports crypto or some other sector of life. They will tag him as the biggest liar. Well, I don't think he is going to break voter's trust just for the sake of a presidential seat.

I won't think it will be a good deal for him. Overall, everyone knows, that these politicians make big promises, then they take support of some funds or opposition excuses to calm down the supporters. And I also said before in some of my relevant topic posts that, Biden has already streamlined the adoption of BTC by approving the ETFs with no big drama, and now of ETH as well, and analysists are saying SOL ETF is the next one. So, Trump will only follow his path.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Z-tight on June 30, 2024, 03:26:54 PM
So the question, is she trying to influence and persuaded other Bitcoin enthusiast with this kind of revelations?
I don't know what she is trying to do, but i am sure the BTC community is filled with 'intelligent' people, so should they be influenced by what anybody says? Bitcoiners from the U.S are going to vote for who they think is the best candidate, but it should never be on the basis that one of the candidates is a 'crypto guy', because none of them cares about BTC or bitcoiners.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Stompix on June 30, 2024, 06:12:16 PM
That's an obvious thing, who knows if he will fulfill his promises or not. But betraying the voters is only going to lose his trust among the people. So next time, people won't be giving votes to him, either he supports crypto or some other sector of life. They will tag him as the biggest liar. Well, I don't think he is going to break voter's trust just for the sake of a presidential seat.

He will be 82 at the end of his presidency and he can't be re-elected as he would have already served two terms.
Do you think he will care what people think of him afterward?

Après moi, le déluge
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: NotATether on July 04, 2024, 08:07:58 AM
Honestly these people make me dumbfolded. I'm sure they would also vote for Al Capone if he were alive and promised to "boost the economy".

Some of these people don't look at the big picture, they are only thinking about themselves and their investments, but what do they think electing a criminal guilty of selling out America's secrets is going to do for them?

In case it wasn't clear the first time:

He sold US documents to Russia.

And they still want to vote for him?
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Lucius on July 04, 2024, 03:29:37 PM
@NotATether, a system in which you only have option A and B is, in my opinion, far from the democracy they are proud of as a society. Realistically, the options they have are to vote for a man who suffers from dementia and who is not capable of anything, or to choose an arrogant bully who still has some sense in his head.

Given that the US is a country where money comes first, then we should not be surprised that the crypto industry is mostly on the side of Trump, who promises them everything they want to hear. To me personally, it looks like a big circus full of amateurs in which in the end nothing turns out the way it should for the majority, but for the minority that is at the top it is always a win-win situation.
Title: Re: Ark Invest CEO Cathie Wood is for Trump for US economy
Post by: Zed0X on July 04, 2024, 10:52:59 PM
~
I cannot understand the BTC community lately, what do you guys believe would happen if Trump becomes president, you think they'll suddenly stop going after BTC privacy solutions or the white house will loud support for BTC, let us wake up, politicians only care for their own interests.
The OGs would definitely like that but I don't think that's not necessary to sway voters from the new crypto community (I say new to describe those who came in because of mainstream influence). A promise of approval of some friendly policies or maybe tax reforms related to crypto will be enough.