Lyn Alden on Bitcoin, El Salvador and the Unprecedented Macro Moment

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 22 December 2021

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 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. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “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.

Transcript

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0:00.0	One is that the market gets more sophisticated over time.
0:03.4	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.
0:10.9	In addition, miners, especially North America now, are holding a lot of the coins that they mine.
0:16.5	So they finance themselves with debtor equity.
0:18.8	And then they just retain a lot of their mind Bitcoin. So that influences having.
0:25.2	Welcome back to The Breakdown with me, NLW.
0:29.7	It's a daily podcast on macro, Bitcoin, and the Big Picture Power Shifts remaking our world.
0:36.2	The breakdown is sponsored by Nidig and produced and distributed by Coindesk.
0:44.6	What's going on, guys? It is Tuesday, December 21st, and today on the breakdown's end-of-year
0:50.3	extravaganza, we have the one and only Lynn Alden. I have sung Lynn's praises
0:56.7	numerous times, most recently on my 10 other most influential people. I think she's probably
1:02.5	the sharpest analyst, certainly the sharpest analyst who intersects digital assets, Bitcoin,
1:07.7	and the macro, and always has a ton to teach you. You can't spend 20 minutes
1:13.0	listening or talking with Lynn and not feel like you understand the world and markets better
1:17.4	than before. And so with that, I gift you as part of this end of year extravaganza,
1:22.2	21 minutes or maybe even a little bit more, with Lynn Alden, all about what happened in
1:26.9	2021 and what we're
1:28.2	likely to see going into next year.
1:31.7	All right, Lynn, welcome back to the breakdown.
1:34.4	How are you doing?
1:35.4	Pretty good.
1:36.0	Thanks for having me back again.
	...

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