Cathie Wood: “AI and other technological advances will trigger deflationary turmoil… Bitcoin (BTC) can serve as a hedge”
Summary
- Cathie Wood said the spread of artificial intelligence (AI) and innovative technologies could trigger a deflationary shock and turmoil.
- She said that amid such shocks, Bitcoin (BTC) could serve as a hedge against both inflation and deflation.
- She also emphasized that Bitcoin’s decentralized structure and fixed supply will be a strategic advantage that is insulated from the vulnerabilities of traditional finance.
Cathie Wood, CEO of ARK Invest, said Bitcoin (BTC) could serve as a hedge amid a deflationary shock driven by the spread of artificial intelligence (AI) and other innovative technologies.
According to CoinDesk, a cryptocurrency-focused media outlet, she attended Bitcoin Investor Week in New York on the 12th (local time) and said, “The traditional financial system is not prepared for the productivity shock caused by AI, robotics and other exponential technologies.”
She explained, “Such shocks will send prices sharply lower, upend existing business models, and cause deflationary turmoil,” adding, “An economic regime accustomed to 2–3% inflation will struggle to adapt to these dynamics.”
She went on to stress, “Bitcoin is a hedge against both inflation and deflation,” adding, “Bitcoin is insulated from the vulnerabilities of traditional finance, and its decentralized structure and fixed supply will be a strategic advantage.”
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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