Why Lyn Alden Isn't a Fan of Trump’s Memecoins, but Neutral on a Strategic Bitcoin Reserve - Ep. 768

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 21 January 2025

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The crypto world was shaken this weekend when Donald Trump and Melania Trump launched their own memecoins, ahead of Trump’s inauguration as president. Financial analyst Lyn Alden joins Laura to explain why she’s not a fan of memecoins, neutral on a U.S. strategic bitcoin reserve, and doubtful the U.S. can disrupt itself even as Bitcoin, crypto and blockchain technology hold the possibilities of upending the geopolitical world order. Discussing everything from rising tariffs to reshoring strategies, Lyn offers a sharp analysis of the U.S. fiscal and monetary outlook and explains why she believes fiscal policy now overshadows monetary policy. Plus, hear her take on the TikTok ban debate, her skepticism that Bitcoin’s future security could be at risk as the block subsidy decreases, and her Bitcoin projection for 2025. Show highlights: 02:13 Why Lyn is not supportive of the launch of Trump’s and Melania’s memecoins 10:01 Whether Trump should airdrop his memecoin to U.S. citizens 11:47 Why a U.S. strategic bitcoin reserve sparks debate over its potential to devalue the dollar, reshape trade deficits, and challenge the global reserve currency system 25:09 How bitcoin’s rise as a neutral reserve asset could shape a multi-polar world 27:23 Why she thinks addressing U.S. fiscal issues may require the reshoring of industry and rethinking the dollar system 31:22Why Lyn thinks rising tariffs could disrupt global trade, but might also make the government less able to rely on taxation in a world of portable capital and growing privacy tools 35:16 Whether DOGE will be bearish for bitcoin 39:39 Why Lyn feels that Scott Bessent’s “3-3-3 Plan” faces challenges 42:29 Why fiscal policy now overshadows monetary policy, according to Lyn 48:21 What the TikTok ban debate reveals to Lyn about government control and the push for decentralized social media 52:31 Lyn’s take on MSTR’s plan to increase the number of shares 54:56 Lyn’s view on OP_CAT and bitcoin soft forks 57:20 Why Lyn doesn’t think that declining subsidies pose a problem for bitcoin’s security 1:05:59 Why Lyn doesn’t see value in other sectors of crypto, such as DeFi, aside from Bitcoin and stablecoins 1:09:15 Lyn’s projection for the price of bitcoin in 2025 Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Somnia Network Polkadot Guest: Lyn Alden, founder of Lyn Alden Investment Strategy Previous appearances on Unchained: Does Maximalism Help or Hurt Bitcoin? Lyn Alden and Udi Wertheimer Debate How Will Inflation Impact Crypto? Is Ethereum a Good Investment? Why Bitcoin Now: Meltem Demirors and Lyn Alden on the Perfect Conditions for Bitcoin Links Trump’s announcement of a memecoin Unchained: TRUMP Memecoin Soars Then Sinks as MELANIA Launches Balaji’s tweet on the proposal of airdropping $TRUMP Unchained: A Bitcoin Strategic Reserve for the U.S.? Senator Cynthia Lummis Reveals Her Bill Bloomberg: MicroStrategy May Soon Rival Amazon, Alphabet in Common Shares - Unchained: What Is the OP_CAT Bitcoin Improvement Proposal? - Unchained Unchained: Bitcoin Layer 2s Aim to Attract Ethereum-Like Dapps. Will They Succeed? - Ep.638 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	The micro strategies kind of served that need well.
0:02.7	And I think it's rational that any time they traded a big premium for them to either issue equity, issue convertibles, and things like that to benefit from that premium for their shareholders.
0:12.8	And I think that that will kind of go until it exhaust itself in a similar way that GBTC, when that was kind of the main vehicle people had, it traded at a premium.
0:25.2	And then there are people that could arbitrage that premium. And that obviously ended poorly for some, for many.
0:30.9	I think micro strategy is in a similar position, but I think it's better managed, which is to say that this is a vehicle that's kind of meeting
0:37.9	a demand that has not been met and that that's going to continue happening until they
0:42.8	basically have met all that demand.
0:48.8	Hi, everyone. Welcome to Unchained. You're a no hype resource for all things crypto. I'm your
0:53.0	host, Laura Shin.
0:58.3	We are now featuring quotes from listeners on the show. Today we have a comment from Winfred Kuo on X, wanging on my conversation with Soda Watanabe about Sonium's meme coin blacklist,
1:04.5	which sparked quite a bit of controversy. Winfred Kuo writes, quote,
1:08.9	IP protection does not equal centralization. Decentralization does not mean you can infringe on IP.
1:15.4	To hear your comment on Unchained, write a review of the podcast, or leave a comment on the episode on YouTube or X.
1:21.4	This is the January 21st, 2025 episode of Unchained.
1:26.1	Did you know Somnia processes over 400,000 transactions per second with sub-second
1:31.9	finality and sub-sent fees?
1:35.4	Somnia is built to bring reactive mass consumer apps like gaming and socialify fully on-chain.
1:42.4	Learn more at somnia.network.
1:45.4	Pocodot is the original and leading layer zero blockchain with over 2,000 plus developers,
1:50.3	and the Pocodot 2.0 upgrade will be a massive accelerator for the ecosystem,
1:54.8	making it faster, more secure, and adaptable. Perfect for GameFi and Defi to build, grow, and scale. Join the community at
2:03.0	pocadot.network slash ecosystem slash community. Today's guest is Lynn Alden, financial analyst
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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