**[Cathie Wood: Bitcoin and Stablecoins Could Become the Two Major Beneficiaries of AI-Driven Business Transformation]** BlockBeats News, August 9 — "Wood Sister" Cathie Wood believes that while the latest employment report may appear concerning on the surface, the actual situation is not as dire as it seems. What truly warrants attention are the economic changes underlying the employment data. Currently, the U.S. fiscal deficit accounts for 5.6% of GDP, a level she compares to the early Reaganomics era of the 1980s. If productivity and technology adoption continue to accelerate as ARK predicts, this ratio could approach 5% by the end of the year. She suggests that the greater future risk may not be inflation but deflation, particularly for companies that fail to adopt AI and productivity tools. On the oil front, oversupply is forming, with the UAE's production reaching a historic high after exiting OPEC in May. Cathie Wood believes oil prices could drop significantly, viewing this as a deflationary driver for much of the global economy. Meanwhile, capital expenditures have surpassed the range of the past 30 years. She argues that concerns over an AI bubble are exaggerated, as we are still in the early stages of a technological revolution. Regarding crypto assets, Cathie Wood notes that Bitcoin's performance relative to gold is stabilizing again. She believes Bitcoin and stablecoins could become the two major beneficiaries of AI-driven business transformation. [Original Link]