Cathie Wood: "Technological advancements like AI could lead to deflationary chaos... BTC could act as a hedge."

Ark Invest CEO Cathie Wood said Bitcoin could serve as a hedge against deflationary turmoil brought on by artificial intelligence (AI) and innovation. Speaking at Bitcoin Investor Week in New York, Wood said, "The traditional financial system is ill-prepared for the productivity shock from AI, robotics, and other exponential technologies. This shock will cause prices to plummet, disrupt existing business models, and lead to deflationary turmoil. Existing economies accustomed to 2-3% inflation will struggle to adapt." He emphasized, "Bitcoin is a hedge against both inflation and deflation. It is free from the vulnerabilities of traditional finance. Bitcoin's decentralized structure and fixed supply will be a strategic advantage."