We are facing hard times - with Ronnie Stoeferle

Inflation has a stranglehold on Europe, and it's crashing on all fronts. Energy companies need billions of euros in government aid overnight, businesses are on the brink of going out of business, politicians don't know what to do - and central banks certainly don't know what to do. There is no perfect inflation hedge, but there are good options: Gold? Bitcoin? Real estate? Stocks? Niko and Ronnie discuss all possible strategies in this episode.

This weekly podcast about Bitcoin is the initiative of the Viennese financial journalist Niko Jilch. The goal: to strengthen and network the German-speaking Bitcoin community - and to bring the Bitcoin phenomenon closer to as broad a mass as possible.

We accompany this project as one of the main sponsors in this blog and also make all podcast episodes available here as a video.

What Bitcoin brings. Episode 28 from 30.08.2022

Ronnie Stöferle is a partner and fund manager at Incrementum. Through solid strategies, diversification and a mix of gold and bitcoin, they have provided their fund investors with a 20% gain since the beginning of the year. Ronnie has long identified the cause of the current crisis: "It's the mistakes of politicians and central banks that got us here."

Niko then puts the situation in a very exciting perspective: "We have saved the economy of 2020, at the expense of the economy of 2022. We have locked up the world and replaced all economic activity with freshly printed money - and now we wonder about inflation."

Now we are facing tough times: "The dangerous thing about the current environment is that inflation expectations are being ripped out of their moorings. If we as consumers and workers always assume that prices will rise by 5 to 7 percent, then that has a huge effect: we are in the inflation hamster wheel that we have only known from emerging markets," says Ronnie.

So the hamster wheel is turning faster and faster. Energy prices are rightly scaring us, and winter is just coming. Unlike in the financial crisis and the pandemic, it is not enough to crank up the printing press. And that this was only a short-sighted "solution" then, too, we can see now, where all that money is leading to crazy inflation.

Bitcoin was made for this environment. That's why Ronnie - just like with gold - is very optimistic for the long term. But: "Unfortunately, there is no perfect short-term inflation protection," he adds.

Niko Jilch is a financial journalist, speaker and moderator. He has been dealing with our monetary and financial system, inflation, central banks, gold and of course Bitcoin for more than ten years. His ongoing column "Young Money" is published at the digital business medium "Brutkasten".

You can find all info about this project on wasbitcoinbring.com

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