Chamath Palihapitiya: More PAIN Coming! Get Ready - Bitcoin & Inflation Update (NEW)

Chamath Palihapitiya: More PAIN Coming! Get Ready - Bitcoin & Inflation Update (NEW)

The latest inflation figures came out and they were even worse than the record breaking numbers we saw last month. Inflation for last month came out to be 6.8%, which is the highest levels seen for 40 years.

The Crypto Markets & Stock markets had a mixed reaction, with investors being relieved the numbers were within expectations however with the large majority of markets continuing the trend in going risk off - the most notable being the Bitcoin and Crypto markets.

One Investor who is raising the alarm bells about just how pernicious and serious these extremely high inflation numbers are - was Chamath Palihapitiya.

In his latest interview, Chamath explains why the Inflation numbers are actually MUCH worse than expected, and why we can expect the trend to continue long term.

Chamath argues that governments are moving the goal posts & manipulating inflation figures to sweep under the rug how bad things are getting. Worse too is that investors are now stuck between a rock & a hard place, looking to go risk off yet wanting to somehow hedge against the onslaught of money printing.

Make sure to stick around to the end of the video where I will cover the latest on-chain Bitcoin data, to see how bitcoin holders are reacting to the latest figures.

About Chamath Palihapitiya:

Chamath Palihapitiya is a Canadian-American venture capitalist, engineer, SPAC sponsor and the founder and CEO of Social Capital. Palihapitiya was born in Sri Lanka, and moved to Canada with his family at the age of six. Palihapitiya was an early senior executive at Facebook, working at the company from 2007 to 2011.