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Podcast: The Peter McCormack Show
Episode: Inflation & the Role of Bitcoin with Steven McClurg - WBD410
Description: 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...