Lyn Alden: Bitcoin vs. Inflation | SALT Talks #142

Lyn Alden is the founder of Lyn Alden Investment Strategy where she provides investors with research, information, and tools to help them build wealth. Initially, there were concerns around Bitcoin that made it too risky to feel confident in. Over a few years, concerns over potential competitors and vulnerabilities were addressed, greatly de-risking the asset. To cap a strong 2-3 year run, 2020 presented an ideal environment for Bitcoin to make a big jump. "2020 was the perfect storm for Bitcoin… The macro-environment couldn't be more attractive. We saw broad money supply increase 25% year-over-year." Bitcoin follows Metcalfe's Law which means that as the number of users increases, the cryptocurrency's value grows exponentially- this is often known as the network effect. In addition, due to the verification process, Bitcoin becomes more secure as the price goes up. ————————————————————————— To learn more about this episode, including podcast transcripts and show notes, visit salt.org/talks Moderated by Anthony Scaramucci.