According to CoinMeta, Cathie Wood indicates that the U.S. fiscal deficit accounts for 5.6% of GDP. If productivity and technology adoption accelerate, this ratio could approach 5% by the end of the year. She pointed out that the greater risk in the future is deflation, especially for companies that have not adopted AI and productivity tools. After the UAE withdrew from OPEC in May, production levels rose to a record high, which could lead to falling oil prices and trigger deflation. Capital expenditure has exceeded the range seen over the past 30 years, and concerns about a AI bubble in the market are being exaggerated. Bitcoin's performance relative to gold is stabilizing again, and both Bitcoin and stablecoins are set to be the two main beneficiaries of the transformation of smart economy businesses.