Cathie Wood posted on X that Bitcoin is decoupling from gold, while AI-focused firms are accelerating job creation—signals she believes point to stronger growth and a tech-driven deflationary cycle. She argues the market is still pricing in the 'old economy' even as a 'new economy' emerges. She also analyzed the latest jobs data, highlighting structural changes including inflation, oil prices, interest rates, and capital spending.
Cathie Wood, founder of ARK Invest, said on X that Bitcoin is increasingly decoupling from gold, while companies embracing AI are accelerating job creation. She sees these trends as connected, suggesting stronger real economic growth and a powerful deflationary cycle driven by technological progress. The current market consensus, she argued, still prices in the 'old economy,' even as a 'new economy' gradually takes shape.
Wood also analyzed the latest nonfarm payroll data. She noted the strong jobs report could be interpreted by markets as a sign of resurgent inflation and further Fed tightening. However, she emphasized structural changes she finds more noteworthy: headline inflation at 3.7%, oil potentially falling to $30, U.S. stocks hitting new highs amid rising rates, and corporate capital spending breaking a two-decade stagnation. These developments, she said, deserve attention.
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