US Inflation Hits New 40-Year High at 7.9%, What That Means for Crypto

CoinDesk published this video item, entitled “US Inflation Hits New 40-Year High at 7.9%, What That Means for Crypto” – below is their description.

3iQ Digital Assets President Chris Matta shares his update on the current state of the crypto markets as inflation rates reach 7.9%, a level not seen since the 1980s. Plus, a conversation on institutional investors like Goldman Sachs looking for ways to engage with cryptocurrency and venture capital interest in Web 3 initiatives.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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