The CEO and founder of Ark Invest criticized the president’s controversial trade policies, saying that Trump’s tariffs “have created turbulent times.”And now, after more than a decade of investing in everything from artificial intelligence to biotech and space exploration to crypto, Wood says tough times spur innovation and ultimately create investment opportunities. She makes it clear that Trump is creating a tough economic environment, but also underscores that Ark only stands to benefit.
Ark CEO Slams Trump’s Tariffs, but Remains Bullish on Innovation
“Tariffs are tax increases. Tax increases are bad for economic growth,” Wood said. “I always say innovation gains traction during turbulent times and tariff turmoil has created turbulent times.”
Wood explained that unfavorable economic circumstances force people to become more amenable to change. External pressures create new processes that are cheaper, faster, and better. While she thinks Trump has dealt a significant blow to the global economy, she is simultaneously excited to see the innovation that will result from the fallout.
“We’re actually very optimistic about the future,” Wood said.
#TrumpTariffsBinance #dinnerwithtrump #BTCvsMarkets #MarketRebound
