Inflation is front-page news again after the Labor Department revealed this week that the United States consumer price index soared to 8.5% year-over-year in March — the highest in over four decades. According to crypto industry veteran and Morgan Creek Capital founder Mark Yusko, price increases aren’t the real problem.

“This isn’t inflation. This is currency devaluation,” Yusko told Cointelegraph business editor Sam BourgiExclusive interview with the Miami 2022 Conference. Currency devaluation directly impacts consumers’ purchasing power, which refers to how many goods and services a unit of money can buy.