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Seeking Alpha 2021-10-25 13:47:12

Cathie Wood takes issue with Jack Dorsey's 'hyperinflation' thoughts

Cathie Wood takes issue with Jack Dorsey's 'hyperinflation' thoughts

Jack Dorsey and Cathie Wood both share a similar mindset when it comes to Bitcoin (BTC-USD) and the crypto market, but don’t appear to see eye-to-eye when it comes to the topic of inflation. To review, Twitter (NYSE:TWTR) CEO Jack Dorsey over the weekend sent social media abuzz, tweeting out: "Hyperinflation is going to change everything. It's happening." That prompted a pre-dawn tweet thread from Cathie Wood overnight in which she again reminded of 1) Rapidly falling prices products impacted by transformative technologies, 2) The utterly deflationary impact of our over-indebted society, and 3) The cyclical nature of the current perky inflation numbers we're seeing. Full thread is below: “In 2008-09, when the Fed started quantitative easing, I thought that inflation would take off. I was wrong. Instead, velocity - the rate at which money turns over per year - declined, taking away its inflationary sting. Velocity still is falling.” “Now

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