I hope you can take as much away from it, as I did. Alden tells Peter McCormack on the What Bitcoin Did podcast that Bitcoin is one of a kind due to its network effect, or the phenomenon where the number of users directly contributes to the value of the network. I think it is one of the best interviews so far on my show. Macro investment strategist Lyn Alden says that one fundamental factor sets Bitcoin apart from all other digital assets. In this interview, we discuss her latest paper on the Lightning Network (LN). For example, back in December 2017, Newsweek ran a piece called. It should be trivial to sell something of significant value, and hold that in a liquid and safe form for a couple years until that value is ready to be redeployed. It’s often criticized for using too much energy, or not making efficient use of its energy, or in extreme cases, being an outright climate/energy disaster. So, here in the year 2022, there are still vast percentages of the global population for which the basic concept of savings remains a challenge. Bitcoin’s energy usage has been in the news for years. Banks and brokerages operate permissioned ledgers. Originally published: August 2021, updated January 2023. The financial system as we know it has been a rather closed system for ages, consisting of various silos. Recent decades have been characterized primarily by closed systems, both financially and online. When I first heard Lyn Alden speaking I immediately knew, that I wanted to have her on my show, because her insights are smart, concise and I learned a lot about the global and US specific economical situation. Lyn Alden is a macroeconomist and investment strategist. Implications of Open Monetary and Information Networks. And then the final reason was the macro backdrop, it pretty much, couldn’t be better for Bitcoin and also for things like silver and that’s because with so much money printing with so much bailouts happening, if you look at it historically, just whenever debt levels reach this high, there’s usually some sort of a macro economic event like a currency devaluation that happens over the subsequent decade.” – Lyn Alden A common criticism of Bitcoin is that the number of transactions that the network can handle per 10 minutes is very low compared to, say, Visa (V) datacenters. The second reason is the halving, most of the bullish price action of Bitcoin tends to happen in the first year or two after a halving. “The first reason is, that, Bitcoin has demonstrated that it has a pretty strong network effect over time. What are the main reasons why you are bullish on Bitcoin? She focusses on value investing with a global macro overlay. Lyn Alden is an investment strategist with a background in engineering and finance. We’ve seen over the past decade, in particular, that the emergence of network effects has been arguably the most powerful mode around. Lyn Alden wrote a longform article about the 3 reasons why she is investing in Bitcoin.
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