Ark Invest's Cathie Wood says bitcoin will thrive amid ‘deflationary chaos’ created by AI and

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Cathie Wood은 AI·로보틱스 등 기술 발전이 생산성 충격을 일으켜 디플레이션성 혼란을 만들고, 기존 금융시스템이 이에 취약하다고 주장한다. 이 환경에서 비트코인은 인플레이션뿐 아니라 디플레이션에 대한 헤지이자 신뢰 없는(trustless) 대안이 된다고 본다. AI 학습 비용은 연 75% 하락, 추론 비용은 연 최대 98% 하락한다는 수치를 근거로 제시한다. 연준은 후행 데이터에 의존해 이 변화를 오판할 수 있다고 경고한다. ARK는 블록체인 등 파괴적 기술에 오래 투자해 왔고 코인베이스·로빈후드 등 암호화폐 기업의 주요 보유자다.

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01. Arc Invests Kathy Wood says Bitcoin will thrive amid deflationary chaos created by AI and innovation. Exponential tech will force down prices and stress legacy finance for which Bitcoin offers a trustless alternative, said Wood at Bitcoin investor week. New York Bitcoin BTC $65,79 18 isn't just a hedge against inflation according to ARK Invest CEO Kathy Wood, but against something more disruptive, deflation driven by technological acceleration.

02. In a conversation with Anthony Pompiano at Bitcoin Investor Week in New York, Wood argued that traditional financial systems are unprepared for coming productivity shock powered by artificial intelligence, AI, robotics, and other exponential technologies. That shock, she said, will push prices down rapidly, append legacy business models, and create what she called deflationary chaos.

03. If these technologies are so deflationary, it's going to be tough for the traditional world. used to 2% to 3% inflation to adjust. Wood said they'll have to embrace these technologies faster than expected. That deflation, in her view, won't come from economic collapse, but from breakthroughs that slash costs and boost output.

04. She cited data showing AI training costs falling 75% per year and inference costs, what it takes to generate an AI response, dropping by as much as 98% annually. As a result, businesses are becoming far more productive with fewer inputs leading to lower prices. Wood said this kind of innovationled deflation is being misreaded by the Federal Reserve, which still relies on backward-looking data.

05. They could miss this and be forced into a response when there's more carnage out there. She warned in that scenario where traditional financial institutions are caught flat-footed, Bitcoin's appeal becomes clearer. Bitcoin is a hedge against inflation and deflation, she said. The chaotic part of this is disruption all over the place, referencing underperformance in software as a service stocks and emerging counterparty risks in areas like private equity and private credit.

06. Bitcoin doesn't have that problem. Bitcoin, she argued, offers a trustless alternative that is insulated from the fragility of traditional finance. As central counterparties and legacy institutions come under pressure, Bitcoin's decentralized architecture and fixed supply become strategic advantages.

07. Wood also noted that Bitcoin's simplicity stands in contrast to the complexity of layered financial systems, which may face pressure as deflation compresses margins and undermines debt-based growth models. This is the opposite of the tech and telecom bubble, she said. Back then, investors threw money at tech when the technologies weren't ready.

08. Now, they're real and we're on the flip side of the bubble. She emphasized that ARK's portfolios have been built around the convergence of disruptive technologies including blockchain for years. The firm remains one of the largest holders of Coinbase coin and Robin Hood Hood among many other allocations in crypto companies.

09. While markets remain volatile, Wood argued that Bitcoin and innovation focused investments more broadly stand to benefit as the economic narrative shifts from inflation to productivity driven deflation. truth will win out. She said, "We believe we're on the right side of Change.