Cathie Wood links AI-driven cost declines to disinflation and Bitcoin's shift versus gold

Crypto News reported that Cathie Wood, chief executive of ARK Invest, used an appearance on the In The Know program to argue that artificial intelligence, robotics, energy storage, blockchain and multiomics sequencing could cut production costs enough to produce strong disinflation, and deflation in some areas. She said inflation is therefore more likely to fall than rise over the long term, which she described as running against market expectations. Wood also attributed the recent rise in US bond yields mainly to higher real interest rates rather than inflation expectations, and read that as markets starting to price in stronger real economic growth, with AI-driven productivity gains potentially pushing growth above current forecasts. She noted a significant shift in Bitcoin's performance relative to gold without putting figures or a direction on it, and Crypto News headlined the item with her calling the outlook 'positive for BTC'. Her comments addressed warnings about inflation from billionaire investor Bill Ackman, whom Crypto News described as the catalyst for the discussion. Only that one outlet carried the story, so none of the claims have been confirmed by a second report or by a statement from the programme itself.