Date: Wednesday 29th September
Company: Valkyrie Investments Inc
Mainstream economists consider a benchmark rate of 1-3% price inflation optimal to promote consumption and economic growth. However, as prices rise, savers lose purchasing power, and asset holders increase their net worth.
Over the last 18 months, more than $5 trillion dollars have been created in the US alone, and legislation that would spend over $3 trillion more is under consideration. This increasing supply of money is driving prices higher.
Today, Consumer Price Inflation has sustained a 30-year high of over 5%, and it may be threatening to go higher.
So what happens next, and how does Bitcoin fit in?
In this interview I talk to Steven McClurg, Co-Founder of Valkyrie Investments. We discuss the problems of rising inflation, fragility in equities and bonds, and if Bitcoin can serve as a hedge.