2020 Bitcoin & Macro Review with Lyn Alden - WBD293
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 29 December 2020
⏱️ 58 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Friday 18th December Company: lynalden.com Role: Macroeconomist
2020 has been a year unlike any, even before the coronavirus pandemic, the global economy was showing signs of stress. With the outbreak, the spread of the virus and subsequent lockdowns, governments worldwide resorted to unprecedented levels of monetary and fiscal stimulus to keep the flailing economy afloat.
With the record levels of money printing and the ballooning money supply, many earmarked 2020 as the year that Bitcoin could prove itself.
In the last few days, Bitcoin has hit all-time highs of around $24,000, but unlike 2017, it is not just retail investors that have flocked to Bitcoin.
MicroStrategy has paved the way for institutional investors to own Bitcoin by not only converting $450m of their treasury to Bitcoin but raising an additional $650m by way of a convertible senior note sale to buy more Bitcoin.
MicroStrategy, legendary macro investors Paul Tudor Jones and Stanley Druckenmiller have taken positions in Bitcoin, signalling a new era of Bitcoin investors.
In this interview, I am joined by Lyn Alden, a macroeconomist and founder of Lyn Alden Investment Strategy. We discuss the coronavirus pandemic's impact, the increase in the broad money supply, high inflation and institutional investment in Bitcoin.
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Transcript
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| 0:00.0 | I don't think there's that many more kind of hurdles anymore. I think you know once you have enough kind of legendary investors come out |
| 0:08.0 | once you have a corporation added to the balance you once you have an insurance company at it |
| 0:12.0 | most of the floodgates are open. |
| 0:14.7 | Hello there from Bedford how are you all welcome to the what Bitcoin did |
| 0:19.2 | podcast which is brought to you by the mighty cracken the best place to buy, sell and trade Bitcoin. |
| 0:24.1 | I'm your host Peter McCormack and I've got my end of year macro review with the |
| 0:28.9 | amazing Lynn Alden, but before that I do have a message from my amazing show sponsors. |
| 0:33.4 | So let's kick off with Blockfire and a massive thanks to Blockfire for continuing to |
| 0:37.6 | support the show. It's been over two years now they've been sponsoring it. |
| 0:41.1 | We've stuck this out together and I'm really |
| 0:44.0 | really proud and amazed of what they've done as a company. Now they did have a big |
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| 0:55.2 | percent rewards on all card purchases. The wait list registration is now open to |
| 1:00.5 | all registered BlockFi clients and if you want to join the priority |
| 1:03.7 | waiting list then you just need to open up a BlockFi account. If you don't want to |
| 1:07.5 | then the public wait list is slated to open in early January and if you're |
| 1:11.3 | interest in checking BlockFi out I do recommend you do your |
| 1:14.0 | research and then head over to Blockfire.com which is BLO ck f i dot com |
| 1:19.7 | also a massive thanks to crackin for continuing to sponsor and support the show. |
| 1:24.1 | Now they are my favorite place for buying a selling Bitcoin. |
| 1:26.9 | And they are the only place I use for buying a selling Bitcoin and you want to know why |
| 1:30.8 | right? |
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