Growing US Deficits Could Boost Bitcoin, Says Investment Guru — But Only Under One Condition
Portfolio Pulse from Ivan Crnogatić
Lyn Alden, an investment strategist, suggests that the U.S. is experiencing 'fiscal dominance,' where government deficits influence monetary policy, potentially benefiting Bitcoin. She highlights Bitcoin's role as a hedge against monetary debasement, contingent on its adoption and utility. Alden also notes Bitcoin's correlation with global liquidity measures, emphasizing the importance of diverse government opinions on cryptocurrency regulation.
October 25, 2024 | 9:05 pm
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Lyn Alden suggests that the U.S. fiscal dominance could be bullish for Bitcoin, as it serves as a hedge against monetary debasement. However, its success depends on continued adoption and utility.
Alden's analysis indicates that the current economic environment, characterized by fiscal dominance, could increase Bitcoin's appeal as a hedge against monetary debasement. This is contingent on Bitcoin's continued adoption and utility, which are critical for its success. The correlation with global liquidity also supports a positive outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90