• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Cathie Wood Rebuts Jack Dorsey’s Tweet On Hyperinflation

October 27, 2021
in Crypto News
Reading Time: 2 mins read
A A
0
ARK ETF Hit Hard By China’s Latest Crypto Crackdown
0
SHARES
10
VIEWS
ShareShareShareShareShare

A recent debate on Twitter has led to the likes of Elon Musk, Jack Dorsey, and Cathie Wood debating the issue of inflation, and discussing whether it will be a short-term concern, or as Square CEO JAck Dorsey believes, a sign of hyperinflation. Cathie Wood joined the debate to add her belief that inflation will be overcome by several deflationary forces.

The CEO of ARK Invest responded to Jack Dorsey’s statement that “hyperinflation is going to change everything”. Wood replied via Tweet noting that In 2008-09, when the Fed started quantitative easing she believed that inflation would take off. She added that, instead “velocity – the rate at which money turns over per year – declined, taking away its inflationary sting. Velocity still is falling”.

 

As concerns over the impact of the pandemic on the economy lead some, such as Jack Dorsey, to believe in the possibility of hyperinflation, others view the rising prices as a normal reaction that will be contained by a number of deflationary forces.

Wood responded to Elon Musk who joined in with the Twitter debate by stating that while he was unsure of the long-term, “short-term we are seeing strong inflationary pressure”. Wood responded to Musk by noting:

“Inflation has flared in response to COVID-related supply chain bottlenecks and oil supply constraints but, IMHO, the powerful and converging deflationary forces associated with AI, energy storage (EVs!), robotics, genomic sequencing, and blockchain technology will bend the curve”.

Wood added that she believes that three main sources of deflation will overcome supply chain-induced inflation with Technologically enabled innovation being the most deflationary. Additionally, Wood noted that a deflationary force known as “creative destruction” in the form of S&P 500 companies that did not invest enough in the future would also have a deflationary effect on the economy.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Members ‘started shopping quite aggressively’ for the holiday season

Next Post

DeFi TVL Smashes Past $236B, Biggest Contributors include Ethereum, Fantom, Solana

Related Posts

Tom Lee Predicts $150K for BTC if Spot Bitcoin ETF Gets Approved
Crypto News

Solana Leads Altcoin Surge: Bitcoin Traders Eye $28,000 Amid ETF Optimism

October 1, 2023
3
Binance Halts Euro Trading as Banking Partner Halts Services
Crypto News

Binance Resumes Services in Belgium After Three Months

October 1, 2023
3
Fidelity Remains Devoted to Crypto but Will ‘Tread With Caution’
Crypto News

How Ethereum Can Appeal to Institutional Investors: Fidelity

October 1, 2023
4
Shimmer and IOTA Drive Teleconsys’ dOra: Redefining IoT Security
Crypto News

Shimmer Joins Blockscout for Blockchain Exploration on EVM

September 30, 2023
5
Litecoin’s price halved in less than three months. Buying the dip is risky despite a small head and shoulders pattern forming.
Crypto News

Litecoin’s price halved in less than three months. Buying the dip is risky despite a small head and shoulders pattern forming.

September 30, 2023
4
Next Post
DeFi TVL Smashes Past $236B, Biggest Contributors include Ethereum, Fantom, Solana

DeFi TVL Smashes Past $236B, Biggest Contributors include Ethereum, Fantom, Solana

Recommended

Nanosensors: The Tiny Marvels Revolutionizing Our World

Nanosensors: The Tiny Marvels Revolutionizing Our World

September 27, 2023
3
Bitcoin BSC Crypto ICO Reaches 50% Of Soft Cap After Raising Almost $2 Millions in 10 Days

Bitcoin BSC Crypto ICO Reaches 50% Of Soft Cap After Raising Almost $2 Millions in 10 Days

September 15, 2023
9
Shiba Memu price prediction as presale rakes in over $215k

Shiba Memu raises $2.58 million

September 9, 2023
5
Veteran iGaming Team Launch Crypto Casino Portal

Veteran iGaming Team Launch Crypto Casino Portal

September 28, 2023
8
Catalyst for a Game-Changing IPO?

Catalyst for a Game-Changing IPO?

September 3, 2023
6
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Solana Leads Altcoin Surge: Bitcoin Traders Eye $28,000 Amid ETF Optimism
  • Binance Resumes Services in Belgium After Three Months
  • How Ethereum Can Appeal to Institutional Investors: Fidelity

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?