El Salvador Macro Outlook with Lyn Alden - WBD364

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 25 June 2021

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Location: Remotely
Date: Tuesday 22nd June
Project: lynalden.com
Role: Macroeconomist

The new legislation in El Salvador making Bitcoin legal tender is a bold move for the country. As a dollarised nation and with remittance making up 15% of GDP, there are clear benefits in bringing bitcoin and the Lightning Network to the country.

A catalyst for this move is the macroeconomic fallout of 2020 which included unprecedented monetary expansion and economic disruption. Today, it seems some of the effects are starting to appear in price inflation and oddities in the overnight lending markets between financial institutions.

Will El Salvador’s bet on Bitcoin pay off? And are these simply transitory macroeconomic irregularities, or is there cause for concern?

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss El Salvador making Bitcoin legal tender, other countries adopting Bitcoin, the Lightning Network and the reverse repo market.

Transcript

Click on a timestamp to play from that location

0:00.0	In a market that's so held up by quantitative easing fiscal stimulus, when you start to see these reverse repos,
0:08.0	and the feds starts talking about the potential for tapering next year that certainly gives the market some
0:14.6	jitters. Hello there from Bedford the Bitcoin capital of the eastern hemisphere
0:18.6	now what a wild few weeks we've had right we had the Bitcoin car at the Indy 500, the insanity of the Miami
0:25.5	conference and then we had a country. We have El Salvador making Bitcoin legal tender.
0:31.6	Honestly for me it's just great to be back home for a few weeks now and
0:35.1	just popping down to Tesco's for some teabags is a welcome return to reality.
0:39.2	Anyway how are you all doing? Are you all okay? Welcome to the What Bitcoin did
0:44.0	podcast which is brought to you by Gemini, the only place I'm using for buying
0:47.5	Bitcoin. I'm your host Peter McCormack and today I've got the amazing
0:51.5	Lynn Alden back on the podcast to get her thoughts on everything which has happened in El Salvador.
0:56.0	But before we get into that, I do have a message from my show sponsors.
1:00.0	And first up today, we're going to have Exodus Wallet wallet who I am using as my desktop and mobile wallet for my Bitcoin.
1:06.0	Now as you know because I go on about this all the bloody time.
1:09.0	UX is super important to me.
1:11.0	So when the XS team reached out to me and they're like,
1:13.2	Pete, we want to sponsor the podcast, I ended up having to play with the app and
1:16.8	see what it was like. And you know what? They've crushed the experience, so I'm
1:20.1	happy to recommend it to my friends and family.
1:23.0	Exodus desktop gives you a way to secure and manage your Bitcoin in one beautiful application,
1:28.6	and with their mobile wallet you can send them receive safely using a QR code or address and you will know that
1:34.4	Exodus automatically checks addresses for errors. So make sure you check it out
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Peter McCormack, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Peter McCormack and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.