Ark Invest Founder Cathie Wood Voices Support for Trump: Based on Economic Considerations

The Block reported that Cathie Wood, the founder of Ark Invest, revealed in an interview this morning on the 24th that she will vote for Trump in the upcoming presidential election based on economic considerations. Currently, the interview video has been deleted, claiming it was to avoid creating unfounded and incomplete political bias.

Ark Invest CEO Cathie Wood Voices Support for Trump

Reports indicate that Cathie Wood was forced to express her support for Trump this morning during an interview with Meet Kevin, claiming that for economic reasons, she will be voting for Trump.

When asked earlier "Trump or Biden?", she responded:

As I have told my children, I will vote for the person who is most beneficial for our economy. Based on this, I support Trump.

She also quoted Arthur Laffer, an economic advisor to Trump during his 2016 campaign:

The three years before the COVID pandemic, the Trump administration was the best period in U.S. economic history, and I agree that I have seen this.

It's worth noting that Cathie is not the first figure in the cryptocurrency industry to publicly support Trump.

A few days ago, the founders of the U.S. cryptocurrency exchange Gemini, the Winklevoss brothers, donated 2 million USD worth of Bitcoin to Trump, openly stating that Trump is a better choice for supporting cryptocurrencies and businesses.

Gemini Founders, the Winklevoss Brothers, Donate 2 Million USD in Bitcoin to Support Trump's Presidential Campaign

However, Bloomberg reported that the donation was refunded as the 2 million USD exceeded the legal limit for campaign donations in the U.S.

Meet Kevin Video Taken Down: Unintentional Impression

Shortly after the interview video was uploaded, it was promptly deleted. The interviewer, Meet Kevin, expressed his apologies to Cathie through X, stating that there was no intention to shape a political bias:

Out of Cathie's desire for me to clarify her beliefs more delicately, I have removed a segment of the video where Cathie Wood discussed who would be economically favorable as president.

He added, "I believe her implication was that voting is not just an economic issue."

I believe I messed up by ambushing Cathie on the Trump or Biden question and unintentionally created an impression she did not intend to make.

The Election Battle Between Trump and Biden

As the U.S. presidential election in November approaches, Trump's stance on cryptocurrency is quite clear, from accepting cryptocurrency donations, claiming to grant clemency to Silk Road founder, to promising to support Bitcoin mining, all demonstrating his active support for the industry.

Trump Vows to End Crypto Enforcement Wars, Advocates for Crypto Industry in Florida

On the other hand, Democratic presidential candidate Biden, seen as more conservative, also appears to be leaning towards cryptocurrency. Sources recently revealed earlier this month that his campaign team is considering accepting cryptocurrency donations through Coinbase Commerce.

Silicon Valley Elites Shift: Biden Losing Favor as Tech Investors Lean Towards the Right