Cathie Wooden sees deflation returning, innovation shares and bitcoin to rally
Cathie Wooden goes in opposition to the grain but once more — this time on inflation.
The founder and CEO of Ark Funding Administration mentioned Thursday that she isn’t nervous about the specter of inflation that’s haunting so many on Wall Avenue. As a substitute, the fund supervisor expects deflation amid a breakdown in commodity costs, gridlock on tax coverage in Washington and innovation tendencies taking off.
“We’re not nervous about inflation,” Wooden mentioned on Thursday at CoinDesk’s Consensus 2021 convention. “We’re considering that the a lot increased likelihood is deflation.”
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