Legendary Investor Druckenmiller Sees 10% Inflation

Plus a huge uptick in exchange traffic in August

Happy Wednesday, Blockfolians

The Lede

Stan Druckenmiller Calls Stocks 'Absolute Raging Mania,' Tells Inflation  Ghost Story – Heisenberg Report

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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Community Commentary

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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