Overview
- Speaking at Bitcoin Investor Week in New York on Feb. 12, the ARK Invest CEO outlined how exponential technologies could reshape the economic landscape.
- She described a coming productivity shock from artificial intelligence and robotics, citing data that AI training costs are falling about 75% annually and inference costs as much as 98% a year.
- Wood argued that legacy, debt‑based financial models face strain in a deflationary environment, while bitcoin’s fixed supply and decentralized design avoid counterparty risk.
- She characterized bitcoin as a hedge against both inflation and deflation and suggested policymakers relying on backward‑looking indicators could be forced into reactive moves.
- CoinDesk reported bitcoin trading near $65,998 on Thursday as crypto prices fell with U.S. stocks, while ARK remains a major holder of Coinbase and Robinhood despite pressure on those shares.