Mr. Wood's latest perspective is quite intriguing. He points out that as AI and innovation accelerate rapidly, the market is facing a kind of vulnerability stress model. In other words, under the deflationary pressures brought about by technological innovation, there is a need for a means of value preservation different from traditional assets.

This is why Mr. Wood is focusing on Bitcoin. Considering its fixed supply characteristic, he argues that it could actually be advantageous as an asset allocation strategy in a deflationary environment. In fact, during phases when the entire economy is affected by vulnerability stress models, demand for assets with supply restrictions tends to increase.

In scenarios where AI significantly boosts productivity and prices continue to fall, traditional inflation-hedging assets become ineffective. In this context, Bitcoin possesses different properties. The view that Bitcoin's importance will grow precisely because of deflationary chaos presents a new narrative for the market.

While Bitcoin has often been discussed as an inflation-hedging asset, Mr. Wood's insight looks beyond that. He positions Bitcoin as a compelling answer to deflation scenarios in the AI era. It is also interesting to see this perspective gaining traction among recent tech investors.