If uh real growth rates start accelerating now uh we believe inflation will come down. Many people assume that growth means inflation. That's absolutely wrong.When real growth has picked up, inflation comes down mostly because of productivity gains. And as you know, we think that the productivity gains in this cycle are going to be outsized and sustainable. The convergence between and among those technologies we think is going to be highly deflationary.Deflationary in the good sense of the word word. When y ...

On the December episode of ITK, ARK CEO/CIO Cathie Wood explains why ARK believes we’re on the verge of a major liquidity turn from both fiscal and monetary policy – and why that could lower inflation over the next few years. She walks through the data on tax cuts, money growth, yields, and productivity, and explains why the market’s “wall of worry” may be setting up one of the strongest bull markets yet. Key Points: 00:00:00 Opening 00:02:00 Fiscal policy, deficits & tax relief (OB3) 00:08:30 Inflation, fo ...

Bitcoin & Quantum Computing Risks - 大约三分之一的比特币供应量（约 670 万枚）存在于容易受到量子计算攻击的钱包中[2] - 其中 19% 位于旧钱包中，这些钱包默认使用密钥地址暴露公钥，量子计算可能通过公钥反向工程推导出私钥[2][3] - 另外 47% 百万枚比特币位于重复使用的地址中，虽然风险较低，但交易时公钥会被暴露，从而可能被反向工程推导出私钥[4] - 比特币社区需要转向量子抗性签名方案，但达成共识和迁移代币到量子安全地址可能需要 6 个月到 2 年的时间[7][8] - 量子计算公司预计在 2028 年至 2033 年间破解 ECC 椭圆曲线加密算法[12] - 比特币为量子霸权提供了一个巨大的漏洞赏金[12] Digital Asset Treasury (DAT) Companies & Market Dynamics - MicroStrategy 通过出售股票筹集了 144 亿美元的美元储备，用于支付优先股，这稀释了股东权益，此前该公司通常会将筹集的资金用于购买比特币[44] - MicroStrategy 等数字资产国库公司被迫去杠杆化可能标志着加密货币牛市的结束[45] - 市场担心数字资产国库公司发行的优先股的收益来源，因为比特币本身不产生收益，而这些优先股却支付 7% 到 1075% 的股息[49] - 市场普遍认为，数字资产国库公司是本轮周期中杠杆作用最明显的领域，可能面临风险[56] Zcash & Privacy - Zcash 因其屏蔽池（shielded pools）功能而受到关注，该功能可以隐藏所有权，且不暴露公钥，从而在技术上具有量子抗性[39][40] - 一些人猜测，比特币 OG 可能正在出售比特币，并通过 Zcash 转移资金以规避税收[40][41] - 普遍的隐私叙事也推动了对 Zcash 的关注[42]

In this episode of The Brainstorm, Sam Korus, Brett Winton, Nick Grous, and Frank Downing dive into the competitive landscape of AI, exploring why Google is outpacing its rivals with the release of Gemini 3. They discuss the implications of this technological leap, the transformative potential of Nano Banana Pro, and what it means for the future of AI. If you know ARK, then you probably know about our long-term research projections, like estimating where we will be 5-10 years from now! But just because we a ...

We think there's going to be value created up and down the AI stack. If it shakes out like the cloud market, you're likely to see a few big players dominate the lower levels of the stack like chips, infrastructure, and cloud computing like you have Amazon, Microsoft, and Google today. And then you have much more varied winners at kind of the top of stack applications.So companies like Tesla on the physical AI side, companies like Opening Eye and Google on the consumer AI side, and then a company like Palunt ...

Hi everyone, my name is Chase Prather. I'm a venture research associate here at ARC. I've been at ARC coming up on two years now and uh I work on the venture capital team here.So focus focused on the private funds. Most of my background is primarily in venture capital. So I've been in venture a little over five years at this point.Uh prior to working at ARC, I worked at Sweater Ventures. What really brought me to ARC was the focus on the democratization of not only um venture capital and access to high qual ...

Part of our analysis uh for the potential for Bitcoin was that it would take it would become half the market cap of gold. It would take some share from gold or maybe expand the market. Uh well, that market has doubled.Uh so I don't think our bull price should change all that much. We are very bullish on crypto assets but we know that they are they are the most susceptible to liquidity drawdowns and I described earlier we have a number of reasons for liquidity drawdowns now but we think that they will be cle ...

Industry Overview - The reusable rocket industry is characterized by a dramatic cost decline, leading to business model changes and significant opportunities [1] - SpaceX has a 10-year lead in reusable rocket technology, consistently reducing launch costs through improved refurbishment and reuse [3][4] - Lower launch costs are enabling new opportunities in low Earth orbit (LEO) [9] Market Trends & Opportunities - The industry identifies a $130 billion annual revenue opportunity in space, primarily driven by global broadband and direct-to-device capabilities [13] - Direct-to-device (smartphone to satellite connectivity) is estimated to be a $48 billion opportunity, assuming $0.50 per month from 8 billion cell phone subscribers [15] - Broadband access for households, RVs, boats, aircraft, and ships represents a $40 billion opportunity [16] Company Updates & Competitive Landscape - Blue Origin and Rocket Lab are developing reusable rockets, aiming to launch and reuse them [6][7] - Starlink and T-Mobile launched direct-to-device service in July [18] - Firefly went public, increasing the number of space companies available for public investment [20] Technological Advancements - Low Earth Orbit (LEO) has opened up due to declining launch costs, enabling applications like high-speed internet via satellites [9][11] - Starlink Mini offers easy setup and reliable high-speed internet [12]

Autonomous Driving Development - Tesla anticipates enabling texting while driving in the next one to two months, viewing it as a catalyst for robo-taxi demand due to the convenience it offers [1][2] - The move towards allowing texting while driving signals progress towards unsupervised full self-driving software [2] - Tesla is aiming to remove the operator from the vehicle in select areas of Austin within the coming months, further indicating a push towards full autonomy [3] Safety Concerns - Industry acknowledges the inherent dangers of texting while driving [2]

A breakthrough in both biology and efficiency, Absci’s hair regrowth treatment is on track to reach Phase 2 proof of concept next year—just 3½ years from launch and at a fraction of the typical cost. Hear more from Founder and CEO Sean McClain on FYI. ...