Bitcoin Bull Cathie Wood: "The Fed Will Have to Cut Interest Rates Aggressively"

In a recent exclusive interview, Cathie Wood, CEO and Chief Investment Officer of ARK Invest, shared her views on the current economic environment and her investment strategy for the year ahead.

Wood is known for his Bitcoin-friendly statements and recent Spaces chat with Tesla CEO Elon Musk, and he stands out as one of the leading names in the financial world. In an interview with Musk, in response to the Bitcoin question, Musk said that he 'doesn't spend a lot of time thinking about cryptocurrencies'.

During the interview, Wood addressed the question of what the current economic situation means for stocks. Wood, who has long argued that inflation is transitory, states that the most important problem right now is deflation. This belief underpins Wood's investment strategy for 2024.

Now, with the positive movement in the market, interest rates and inflation under control, Wood believes that deflation will be the trend next year. Wood predicts that the Fed will have to cut interest rates aggressively.

"We think we're on the other side of the horror spectacle we're going through," Wood said. Wood said he believes that companies that are comfortable with deflation, especially technological companies that focus on innovation, will perform well in the next few years.