Ark Invest: Still optimistic about the long-term prospects of Bitcoin, current market sentiment is overly pessimistic

News on March 12, despite the significant market downturn in March, Cathie Wood's investment firm Ark Invest remains optimistic about Bitcoin. On Tuesday, Ark Invest stated in a report: Ark is still optimistic about the long-term prospects of Bitcoin and believes that policy changes and technological breakthroughs in areas such as artificial intelligence and robotics will rekindle spending and increase productivity. Ark Invest also pointed out that relaxed regulation and tax cuts are potential major driving factors for Bitcoin to recover from the current market turmoil. The market has become overly pessimistic about the current macroeconomic and geopolitical sentiment.