Mark Yusko explains the real problem with Fed policy — and why Bitcoin matters
Inflation is front-page news again after the Labor Department revealed this week that the United States consumer price index soared to 8.5% year-over-year in March — the highest in over four decades. According to crypto industry veteran and Morgan Creek Capital founder Mark Yusko, price increases aren’t the real problem.
“This isn’t inflation. This is currency devaluation,” Yusko told Cointelegraph business editor Sam Bourgi in an exclusive interview at the Bitcoin 2022 conference in Miami. Currency devaluation directly impacts consumers’ purchasing power, which refers to how many goods and services a unit of money can buy.
Yusko was also asked about Bitcoin’s (BTC) lackluster performance over the past six months and whether he expects this phase of price discovery to continue indefinitely. In his view,
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