Legendary Investor Druckenmiller Sees 10% Inflation
Plus a huge uptick in exchange traffic in August
Happy Wednesday, Blockfolians
The Lede
Sometimes legends bring it. That was the case earlier today when Stan Druckenmiller joined the crew at CNBC to discuss everything from asset price bubbles to the rising specter of inflation.
In his estimation, the response from the Fed has been too sustained.
Of course, those in the bitcoin and crypto world would likely respond that the problem with large scale interventions is that they’re nearly impossible to walk back.
No one knows what will happen next, but it’s hard not to see interviews like this and not think we’re in some fundamentally new territory.
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Highly Relevant Reading
DCG acquires Luno Wallet; gets in the retail game
MasterCard launches platform to help central banks test digital currencies
Tether has launched USDT on Solana
Linear Finance has raised $1.8m for a cross-chain synthetic asset exchange
Community Commentary
Many of you have been watching the Sushi saga closely. Here’s the latest on the migration plan from SBF
It’s possible. What’s for sure is that it doesn’t feel like we’ve seen the biggest pressure that could be brought to bear…
A Really Big Number We Should Be Paying Attention To
144.3M
That’s the number of web visits to crypto exchanges in August, 30.5% more than July and a 14-month high
Final Thought
Message received, Dave