According to reports on March 12, despite the sharp decline in the market in March, ArkInvest, a CathieWood investment company, is still optimistic about Bitcoin. ArkInvest said in a report on Tuesday that Ark remains optimistic about Bitcoin’s long-term outlook, believing that policy changes and technological breakthroughs in areas such as artificial intelligence and robotics will reignite spending and increase productivity. ArkInvest also noted that relaxation of regulation and tax cuts are potential major drivers of Bitcoin’s recovery from the current market chaos. The market has become too pessimistic about the current macroeconomic and geopolitical sentiment.