Cathie Wood

We are absolutely in the flip side of the bubble.

Investors just threw money at the bubble when the technologies were not ready and the costs were way too high.

Now we're in an environment where we're ready for primetime with all of these technologies, robotics, energy storage, AI, blockchain technology, and multiomics technology.

And so I think we're going to have a boom, and the U.S.

is going to do very well.

No, I don't think so.

Bitcoin is a hedge against inflation and deflation because the chaotic part of this is and it's ripping through the markets now.

A lot of

a lot of traditional industries and companies, the whole SaaS space, the disaster, as they're calling it.

We think there is merit to that particular one, but I think you're going to see disruption all over the place because the five innovation platforms that I mentioned

are going to disrupt the existing world order.

And what does that mean?

If these technologies are so deflationary, it's going to be tough for the traditional world that's gotten used to sort of the 2% to 3% inflation.

to adjust.

They'll have to embrace some of these technologies faster than expected.

So the idea of counterparty risk, I think, is beginning to surface.

We've seen it with first brands.

We've seen private equity and private credit especially is where there have been a lot of excesses

SaaS, they are too exposed to that.

You know, are we going to see counterparty risk manifest more broadly?