Cornell University's Prasad on Central Banks and Cryptocurrencies

The video discusses the Federal Reserve's signaling of future monetary policy changes and its impact on global markets, particularly emerging markets. It examines the People's Bank of China's approach to currency depreciation and capital flows. The video also explores the risks of persistent inflation due to supply chain disruptions and the challenges central banks face in managing inflation expectations. Additionally, it addresses the role of cryptocurrencies like Bitcoin as potential hedges against inflation, highlighting their speculative nature and lack of intrinsic value.

In what ways are cryptocurrencies like Bitcoin viewed in relation to inflation?

What concerns are raised about naive investors in the cryptocurrency market?