Cathie Wood: Bitcoin is gradually decoupling from gold's price trend.
41 minutes ago
ARK Invest founder Cathie Wood (affectionately known as "Woodie" in financial circles) noted that August non-farm payroll data shows the U.S. economy remains highly resilient. Markets may interpret the strong jobs figures as a sign of rising inflationary pressure, leading to further bets on the Federal Reserve tightening policy, but they are overlooking more critical shifts. While the U.S. headline inflation rate still stands at 3.7%, other inflation metrics are closer to the 2% target, and oil prices could even fall to around $30 per barrel. U.S. stocks continue hitting record highs amid rising interest rates, corporate capital spending has broken through a growth bottleneck that has persisted for over two decades, and Bitcoin is gradually decoupling from gold’s price trends. These phenomena are not mutually independent. As more companies adopt artificial intelligence, AI-related firms are creating jobs at a faster pace, and technological advances could simultaneously boost productivity and reduce costs. These signals point to stronger real economic growth and the emergence of powerful "tech-driven deflation." Current markets are still pricing based on traditional economic models, but a new economic system driven by AI and emerging technologies is taking shape rapidly.
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