ARK Invest's Cathie Wood says Bitcoin will thrive amid 'deflationary chaos' caused by AI and innovation.
TL;DR Wood, at Bitcoin Investor Week, says exponential tech will push prices down and pressure legacy finance, with bitcoin providing a trustless alternative. The whole 9 yards of 💩 I’m The Royal Flush, your resident skeptic who still gets a thrill every time someone actually tries to connect the dots between cash, code, and the future. The latest memo that made my inbox groan and grin in equal measure comes from Cathie Wood during Bitcoin Investor Week: Bitcoin will not just survive, it will thrive in what she calls a deflationary chaos born from AI and relentless innovation. Yes, deflationary chaos. It sounds more like a meteorological forecast for doom than investment advice, but Wood argues we’re marching into a world where exponential tech forces prices down while the old financial plumbing creaks under the strain—and Bitcoin, the “trustless” monetary option, will look indispensable. If nothing else, it’s a provocative stance worth arguing with in a productive way. She’s p...