Legendary Investor Druckenmiller Sees 10% Inflation
Plus a huge uptick in exchange traffic in August
Happy Wednesday, Blockfolians
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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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
That’s the number of web visits to crypto exchanges in August, 30.5% more than July and a 14-month high
Message received, Dave