Ark Invest CEO Cathie Wood said she intends to vote for former US president Donald ***** 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, *****.”
The Ark CEO further explained that her decision was influenced by economist Arthur Laffer’s description of the first three years of the ***** presidency “as the best in US economic history.”
Wood is the latest major figure from the crypto industry to publicly endorse *****. The former President has adopted a more favorable stance toward crypto in recent months and pledged to support the industry and end the ***** administration’s “war on crypto” if elected.
***** also recently vowed to make the US a Bitcoin mining “powerhouse” and said the flagship crypto “may be [the] last line of defense” against a central bank digital currency (CBDC).
Crypto has become an increasingly important issue for American voters this election cycle and many are expected to vote for ***** in November due to the ***** administration’s policies toward the industry.
*****’s endorsement grows
Wood’s endorsement of ***** aligns with several crypto stakeholders and billionaires backing his re-election campaign.
Last week, Gemini co-founders Tyler Winklevoss and Cameron Winklevoss donated $1 million each in Bitcoin to *****’s campaign and said they would vote for him in the Presidential elections. They wrote:
“President ***** is Pro-Bitcoin, Pro-Crypto, Pro-Business. And he will put an end to the ***** Administration’s war on crypto.”
Before that, venture capitalist David Sacks also stated that he supports *****’s re-election, citing concerns with how President Joe *****’s administration has handled the economy. He stated:
“I am giving my endorsement to our 45th President, Donald J. *****, to be our 47th President. My reasons rest on four main issues that I think are vital to American prosperity, security, and stability – issues where the ***** administration has veered badly off course and where I believe President ***** can lead us back.”
According to Polymarket data, ***** has a 57% chance of winning, while *****’s chances are pegged at 34%.
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