Inflation & the Role of Bitcoin with Steven McClurg - WBD410

Location: Nashville
Date: Wednesday 29th September
Company: Valkyrie Investments Inc
Role: Co-Founder


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.