El Salvador’s Bitcoin Bond with Lyn Alden - WBD427

Mr Obnoxious

Peter McCormack

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

4.8 • 2.7K Ratings

🗓️ 23 November 2021

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Location: Remote
Date: Monday 22nd November
Project: lynalden.com
Role: Macroeconomist

In the last month alone, Bitcoin has hit all-time high prices, Bitcoin on exchanges has hit multi-year lows, and El Salvador announced a $1 billion Bitcoin bond to fund the development of a Bitcoin city.

At the same time, economic signals have started to flash red. Inflation is on the rise: it's hit 6.2% in the US and is rising at the fastest rate in decades. Traditionally strong bond markets are under pressure and currencies in some parts of the world show signs of distress. The dichotomy is that whilst some search for safe havens, with the lack of a positive yielding bond market, many are looking to riskier assets.

The economic conditions for bitcoin to become a recognised international gold-like reserve asset are upon us. The scope and scale of bitcoin adoption suggest that major players are literally buying into this narrative.

In this interview, I talk to macroeconomist and investment strategist Lyn Alden. We discuss the lack of yield in bond markets, El Salvador's bitcoin bonds, inflation and the direction and role of the Fed.

Transcript

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0:00.0	Why don't some large countries just print a little bit of money and buy
0:04.9	Bitcoin and stick it on their reserves for example? And if you were to see like
0:08.8	those cracks in the dam started to appear and you start to see that happening
0:12.3	that's a
0:13.2	potentially a really explosive moment.
0:14.8	Hello there, how are you all doing?
0:17.1	Welcome to the What Bitcoin did podcast, which is brought to you by Gemini, the only
0:21.0	place I am using for buying Bitcoin. I'm your host Peter McCormack and
0:24.6	before we get into today's interview I do have a quick message from my show
0:28.7	sponsors this show is brought to you by Ledger the The world's most popular hardware wallet. Now a hardware wallet
0:35.1	allows you to take custody of your Bitcoin and I have been a Ledger customer since way
0:39.4	back in early 2017 and the Nanowess are bought back then. Yep, I'm still using that bad boy now.
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0:53.7	nanowas to your Android phone to manage your Bitcoin on the go. If you want to find
0:57.5	out more please head over to ledger.com which is LEDGR.com. Next up today we have Gemini who I am using exclusively for buying and selling
1:06.3	Bitcoin but I'm only buying I have not sold a single sat through Gemini because we
1:10.7	are in a ball market and you know what I just don't want to sell my
1:13.2	Bitcoin I'm a hodler you're a hodler right now I have been using the
1:17.0	Gemini app for buying the dips but it also set up a DCA with twice monthly buyers
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	...

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