According to BlockBeats, despite a significant market downturn in March, Cathie Wood's investment firm Ark Invest remains optimistic about Bitcoin. On Tuesday, Ark Invest released a report expressing confidence in Bitcoin's long-term prospects. The firm believes that policy changes and technological advancements in fields like artificial intelligence and robotics will reignite spending and boost productivity.
Ark Invest also highlighted that deregulation and tax cuts could be key drivers for Bitcoin's recovery from the current market turmoil. The report noted that the market has become overly pessimistic about the current macroeconomic and geopolitical climate.
