Follow Steven McClurg: https://twitter.com/stevenmcclurg
Valkyrie's Chief Investment Officer Steven McClurg offers a September macro overview, including updates on Inflation and China.
McClurg discusses China's bitcoin ban this year, as well as how Evergrande, a Chinese company, has defaulted on its bonds.
He shares that several fund managers in the United States have been buying Evergrande bonds, hoping to get a little bit of an additional yield on their portfolios, although it seems like that didn’t work out too well for them.
Speaking of bond yields, McClurg explains that US treasuries are yielding 1.5%. Inflation is at 5.5% percent. That means the real yield on 10 year treasuries is -4%.
McClurg would suggest buying Bitcoin.
The Lightbulb Series covers crypto topics in 5 minutes or less. If you have a question you want covered, reach out to us on social media or via email at [email protected]
DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.