Bitcoin will thrive in 'deflationary chaos'
According to Cathie Wood, the head of investment firm Ark Invest, bitcoin will benefit from the tectonic shifts caused by rapid technological progress. Speaking at the Bitcoin Investor Week, she noted that exponential technologies like artificial intelligence will drive down prices and put stress on the traditional financial system.
In these conditions, bitcoin, as a decentralized and trust-based cryptocurrency, will offer a reliable alternative to the outdated financial institutions. According to Wood's forecast, the 'deflationary chaos' caused by AI and other breakthrough developments will contribute to the growth of the first cryptocurrency's price.
The expert view of Ark Invest carries a lot of weight in the digital asset industry. The company is known for its bold forecasts and bets on innovative technologies that often materialize. Cathie Wood's statement about bitcoin's potential in the midst of the technological revolution may inspire many investors to turn their attention to the first cryptocurrency.