Ark Invest: Remains optimistic about Bitcoin's long-term prospects, current market sentiment is overly pessimistic

ChainCatcher news, despite the significant market decline in March, Cathie Wood's investment firm Ark Invest remains optimistic about Bitcoin. On Tuesday, Ark Invest stated in a report: "Ark remains optimistic about Bitcoin's long-term prospects, believing that policy changes and technological breakthroughs in areas such as artificial intelligence and robotics will reignite spending and enhance productivity."

Ark Invest also noted that regulatory easing and tax cuts are potential major drivers for Bitcoin's recovery from the current market turmoil. The market has become overly pessimistic about the current macroeconomic and geopolitical sentiment.