Elon Musk: A Different Conversation w/ Nikhil Kamath· Nov 30, 2025
Position for an AI-driven deflationary regime while avoiding labor-dependent business models, favoring technology infrastructure and companies positioned for a post-work economy.
Position Reasoning
US Dollar ETF benefits from deflation scenario and US technological leadership in AI. If deflation arrives, dollar strengthens significantly against other currencies. Safe haven bid increases.