Trader Chris Dunn talks Bitcoin and inflation on the latest Crypto Trading Secrets podcast
Cointelegraph has released Episode 8 of its Crypto Trading Secrets podcast, featuring an interview with trader, investor, podcaster and YouTuber Chris Dunn, who touts experience in mainstream markets as well as about 10 years of activity in the crypto space. The trader and investor answered questions asked by host Benjamin Pirus during the episode’s March 14 recording, giving his opinions on the role Bitcoin (BTC) plays as an asset and why he thinks people are willing to buy the coin, plus much more.
Dunn mentioned that he thinks COVID-19 got mainstream, non-crypto folks to ponder the United States money system, including questioning how the government can create trillions of dollars and whether or not to trust the U.S. dollar.
“Then kind of the second thing is, okay, we’ve got some bank failures happening right now. We’ve got inflation going through the roof, and people are getting squeezed,” Dunn said.
Over the course of 2022, inflation hit significant levels across the globe. In March 2023, Signature Bank, Silicon Valley Bank and Silvergate Bank all went under. These three players all had involvement in the crypto sector. Dunn explained:
“That’s where Bitcoin comes in. At least so far, it’s proven to just really have a great compound annual growth rate,” Dunn said. “It’s outpaced inflation really, really well,” he continued. “Will that happen into the future? That’s yet to be seen, but it’s proven itself so far over the past decade-plus to be a great store of wealth, even taking into consideration the depths of the bear markets.” He added:
“Adjusted for volatility, Bitcoin is still one of the best-performing assets on the planet. So, I think people are waking up to the idea that maybe fiat isn’t the best form of money and
Read more on cointelegraph.com
