BREAKDOWN: Lyn Alden on Bitcoin, El Salvador and the Unprecedented Macro Moment
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 21 December 2021
⏱️ 26 minutes
🧾️ Download transcript
Summary
An end-of-year analysis from one of economics’ most interesting thinkers.
This episode is sponsored by NYDIG.
Today on “The Breakdown’s” “End of Year Extravaganza,” we’re joined by macro analyst and thought leader Lyn Alden.
Find our guest on Twitter: @LynAldenContact
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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: 3alexd/iStock/Getty Images Plus, modified by CoinDesk.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:49.8 | One is that the market gets more sophisticated over time, and then two, the amount of new coins coming into existence is a smaller percentage of Bitcoin's market cap than it was in prior cycles. |
| 1:00.6 | In addition, miners, especially in North America now, are holding a lot of the coins that they mine. |
| 1:06.2 | So they finance themselves with debt or equity. |
| 1:08.6 | And then they just retain a lot of their mind Bitcoin. So that influences having. |
| 1:14.9 | Welcome back to The Breakdown with me, NLW. |
| 1:19.4 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:25.9 | The breakdown is sponsored by Nydig and produced and distributed by |
| 1:29.8 | CoinDesk. What's going on, guys? It is Tuesday, December 21st, and today on the breakdown's |
| 1:39.5 | end-of-year extravaganza, we have the one and only Lynn Alden. I have sung Lynn's praises numerous times, |
| 1:47.6 | most recently on my 10 other most influential people. I think she's probably the sharpest |
| 1:53.0 | analyst, certainly the sharpest analyst who intersects digital assets, Bitcoin, and the macro, |
| 1:58.2 | and always has a ton to teach you. You can't spend 20 minutes listening |
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