Inflation & the Role of Bitcoin with Steven McClurg

“If the government is printing 5% more dollars and they’re using that money to do things, they have essentially taxed you with the money that you already have without you knowing it.”

— Steven McClurgLocation: Nashville

Date: Wednesday 29th September

Company: Valkyrie Investments Inc

Role: Co-FounderMainstream 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.This episode’s sponsors:

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-----WBD410 - Show Notes

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