We Study Billionaires - The Investor’s Podcast Network

BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)

17 snips
Mar 15, 2023
Steven McClurg, CIO at Valkyrie and a macroeconomics expert, shares insights on the recent bank failures and their repercussions on the economy and Bitcoin. He discusses the Federal Reserve's current considerations and how distinct these recent failures are compared to past crises. The conversation explores the potential impacts of Wall Street's actions on Bitcoin on-ramps and raises questions about the future of Bitcoin ETFs and the effect of paper Bitcoin on the market. McClurg's analysis offers a unique perspective on navigating the evolving financial landscape.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Fed's Priorities

  • The Fed's mandate prioritizes fighting inflation and increasing unemployment.
  • Economic stability is a distant third priority for them currently.
INSIGHT

Food Inflation Drivers

  • Food prices will rise due to increasing costs for farmers, including labor, petroleum, feed, and fertilizer.
  • These rising input costs are fundamental drivers of inflation across the economy.
ANECDOTE

Egg Shortage Anecdote

  • Egg prices increased drastically due to higher feed costs, prompting feed manufacturers to change their formulas.
  • This change led to lower egg production and subsequent shortages.
Get the Snipd Podcast app to discover more snips from this episode
Get the app