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Bitcoin Bull Cathie Wood: “FED Will Be Forced to Cut Interest Rates Aggressively”

Cathie Wood, known for her Bitcoin-friendly statements, shared her predictions about the FED's upcoming policy in her statement.

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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.

Known for his Bitcoin-friendly statements and his recent Spaces chat with Tesla CEO Elon Musk, Wood stands out as one of the leading names in the financial world. In response to the Bitcoin question in his interview with Musk, Musk said that he 'didn't spend much 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 temporary, states that the most important problem right now is deflation. This belief underpins Wood's investment strategy for 2024.

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

“We feel like we're on the other side of the horror show we've been through,” Wood said. Wood expressed his belief that companies that are comfortable with deflation, especially technological companies that focus on innovation, will perform well over the next few years.

*This is not investment advice.

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