By Nermeen Nabil Khear 
Ark Invest founder Cathie Wood has predicted a major market rebound in the second half of this year, despite the recent price correction.
The Bitcoin market, on Monday, saw sharp losses following President Trump’s Bitcoin Reserve order, combined with economic uncertainties.
The BTC price slumped below $80,000, triggering investor concerns. Additionally, altcoins, including Solana and XRP, faced major liquidations, leading to investor sell-offs.
Cathie Wood’s Recent Crypto Prediction Feeds Investor Hope
Cathie Wood calls the current market as “the last leg of a rolling recession.” The pro-crypto exec added that the market slump will provide more policy flexibility for both Trump administration and the Powell-led Fed than investors expect.
This would set up the country’s economy “for a deflationary boom in the second half of this year,” Wood added.
The asset manager previously predicted that innovation in sectors like AI and crypto would witness rapid growth under Trump’s administration. Her recent speculation will be achieved through more friendly monetary policies and increasing institutional investors.
Expected Crypto Market to Boom This Year
Several industry leaders have made bullish predictions about Bitcoin prices and the overall market on the whole.
Michael Saylor, founder of Strategy (previously known as MicroStrategy), has dropped a bombshell prediction that Bitcoin’s market cap is “going to $20 trillion, and then $200 trillion.”
According to Coinbase chief executive Brian Armstrong, Trump’s recent signing of an executive order to establish a strategic Bitcoin reserve, is a “historic moment for Bitcoin and crypto.”
Besides, Bitwise’s chief investment officer Matt Hougan wrote in a blog that BTC’s strategic reserve would be a “game-changer” for the market, as long as it stays intact.
“Ultimately, the market’s initial take strikes me as the right one: The U.S. government declaring crypto assets “strategic” is bullish. I think the market will eventually realize that,” he wrote.
The post Ark Invest CEO Cathie Wood Believes Market Could Bring ‘Deflationary Boom’ Despite Selloffs appeared first on Cryptonews.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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