As Bank of England Intervenes, Druckenmiller Sees Crypto Renaissance

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_sep22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.chainalysis.com/coindesk"><em><span style= "font-weight: 400;">Chainalysis</span></em></a> <em><span style= "font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em><span style= "font-weight: 400;"> </span></p> <p> </p> <p><span style="font-weight: 400;">The Bank of England made huge news today when it intervened in the U.K. bond markets to prop up pension funds in the country that were in serious trouble due to recent volatility. On this episode, NLW explores how the markets reacted, and whether market breakages will force the U.S. Federal Reserve’s hand in a similar way. In comments, famed hedge funder Stanley Druckenmiller also explained why a crisis of faith in central banks could lead to a renaissance for cryptocurrencies. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_sep22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at</span></em> <a href= "https://nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_sep22"> <em><span style= "font-weight: 400;">nexo.io</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://www.chainalysis.com/c