Market Overview & Economic Landscape - ARK CEO Cathie Wood discusses recent market drawdowns and liquidity challenges [1] - The analysis includes insights into fiscal and monetary policies and market indicators [1] - ARK presents an optimistic outlook, anticipating a recovery driven by new technologies and productivity gains [1] Fiscal & Monetary Policy - The discussion covers fiscal policy and the budget deficit [1] - Pro-growth tax policy and innovation are highlighted [1] - Monetary policy and inflation trends are analyzed [1] Investment Strategy & Future Outlook - The role of Bitcoin and crypto assets are considered [1] - The analysis includes discussion of gold, money supply, and historical parallels [1] - Yield curves and deflation signals are examined [1] - The impact of AI on productivity and employment is assessed [1]

Market Analysis & Prediction - Ethereum's market capitalization has the potential to surpass Bitcoin's, drawing a parallel to Wall Street's growth relative to gold after 1971 [1][3] - The shift of assets like stocks and real estate onto the blockchain by 2025 presents a significant opportunity for Ethereum to establish dominance [3] Historical Context & Economic Shift - In 1971, the US dollar transitioned to a fully synthetic currency after Nixon removed it from the gold standard [1][2] - Post-1971, Wall Street's financial products, including money market funds and mortgage-backed securities, contributed to the dollar's dominance, increasing its share from 27% of GDP to 57% of central bank reserves and 80% of financial transaction quotes [2] Asset Comparison - The current market capitalization of equities stands at $40 trillion, while gold's market capitalization is $2 trillion, representing 5% of all available assets [3] Cryptocurrency Positioning - Bitcoin is positioned as digital gold, while Ethereum is expected to mirror Wall Street's growth relative to gold [3]

When we saw this pay package, we had a a a similar reaction to the very first time that Elon proposed a pay package. Our expectations were high and everybody thought we were crazy out there when we put our expectations out there. Uh and in the last package, he accomplished those expectations two years earlier than we expected him to.Just to give you a sense uh if you take sort of the midpoint of the schedule for EBITDA goals that would be a 49% uh compound annual rate of increase in EBITDA. I don't think th ...

Welcome to the Brainstorm episode 105. We've got a new segment for everyone talking Tesla and we've got uh Kathy joining us for the inaugural segment and then we're going to dive into OpenAI developer day. Uh but this came up there was a Reuters article last week talking about Elon's upcoming pay package, right? We have the annual meeting coming up early November. Um, and so Kathy and Brett, it would be great to get your opinion on this. And you know, I don't know if in history there's ever been a less paid ...

We think we'll see a manufacturing boom in the United States for the first time really in 30 years. The rest of that time, certainly since China went into the UTO in uh the early 2000s, manufacturing has been effectively gutted from the United States. This is going to be a real turnaround.And we do think that this manufacturing while of course it's going to increase employment to some extent uh it is going to be highly automated uh with AI robotics humanoid robots and other robots and we're probably going t ...

Welcome to the brainstorm episode 104. We're continuing on the AI bubble and is it uh selling to your customers and funding it yourself. We've got how to make money on the way to AGI and we've got some new benchmarks that are they showing us the future or are they just other things that we're going to measure incorrectly and then saturate until new benchmarks come out? Uh Brett, why don't you tee up the first one? Uh AMD, OpenAI, how are they uh feeding each other? Yeah. So, kind of similar to the Nvidia de ...

If we're right, GDP growth could slow a bit more, but will turn around and we will enter into a a a real growth trajectory driven by productivity in the 5% range. And we believe that in that range, 5% plus or minus that unlike in past recoveries, it will be sustained. You can see in the past when productivity has recovered, usually after a recession, it settles back down.This time we don't think that's going to be the case. ...

On episode LXXII of "In The Know" (October 3, 2025), ARK CEO/CIO Cathie Wood delves into the current economic landscape amidst a government shutdown, highlighting the surprising resilience of the stock market. She discusses significant employment revisions, the Federal Reserve's interest rate cuts, and the impact of tariffs on inflation. Cathie also explores the potential for a productivity-driven economic boom, the challenges in the housing market, and the evolving role of technology and innovation in shap ...

Welcome to the brainstorm episode 103. It only took us 103 episodes. This one were all in theory in 4K. So audio might be terrible, but high high quality visuals. Today we're talking Open AI and what some people have been comparing to a circular economy. Uh and then some big breakthroughs at the ARC Institute, not ARK, ARC. Uh Brett, there's a meme going around showing OpenAI giving money to Oracle, giving money to Nvidia, giving money back to Open AI. Can you uh fill everyone in? Why is why is that going a ...

Meta's AR Glasses and Input Technology - Meta's Ray-Ban display glasses feature a 20-degree field of view AR lens using waveguide technology [1] - Meta is developing a wristband input device, acquired from Control Labs, that interprets electrical impulses from the brain to control digital interfaces [1] - The Meta Ray-Ban display glasses are priced at $800 [1] - Meta is focusing on the 10 most used smartphone features for its glasses, such as texting, video, and photo [1] - Meta has invested $70 billion in Reality Labs over the past five to six years, focusing on both VR and AR technology [2] Competitive Landscape in Wearable Technology - The human eye typically has over 180, potentially 210-degree field of view, making the glasses' 20-degree display a small heads-up display [1] - Meta's glasses have a brightness of 5,000 nits, exceeding most outdoor TVs [2] - AirPods are a bigger franchise already, but Meta glasses plus Meta management is better than Apple AirPods plus Apple management [3][4] - The future involves interconnected wearables (AirPods, glasses, smartwatches, smartphones) working together with personalized AI assistants [4] Coinbase and the Banking Industry - Coinbase is offering up to 11% yield on USDC through collateralized lending [4][5] - Coinbase is directly competing with traditional banks by offering checking, savings, yield generation, and lending services [4] - Coinbase's overcollateralized auto liquidation lending model differs from traditional banks [5] - Digital wallets are disrupting traditional banking, with wealth transferring to digitally native individuals [10][11]