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

BlockBeats news, on March 12, despite the significant market downturn in March, Cathie Wood's investment firm Ark Invest remains optimistic about BTC. On Tuesday, Ark Invest stated in a report: 'Ark remains optimistic about the long-term prospects of BTC, believing that policy changes and technological breakthroughs in areas such as artificial intelligence and Bots will reinvigorate spending and boost productivity.' Ark Invest also pointed out that regulatory relaxation and tax cuts are potential key drivers for BTC's recovery from the current market turmoil. The market has become overly pessimistic about the current macroeconomic and geopolitical sentiment.