On March 12, despite the sharp decline in the market in March, CathieWood's investment company ArkInvest is still optimistic about Bitcoin. On Tuesday, ArkInvest said in a report: Ark remains optimistic about Bitcoin's long-term prospects and believes that policy changes and technological breakthroughs in areas such as artificial intelligence and robotics will re-stimulate spending and increase productivity. ArkInvest also pointed to deregulation and tax cuts as potential major drivers of Bitcoin's recovery from the current market chaos. Markets have become too pessimistic about current macroeconomic and geopolitical sentiments.