Macro guru Lyn Alden says Bitcoin is structurally bullish long-term, despite this year’s collapse – here’s why
Closely followed macro strategist Lyn Alden says she remains long-term bullish on Bitcoin even though BTC is down over 60% from its all-time high.
In an interview with market analyst Alessio Rastani, Alden says she looks at the bigger picture and sees the importance of Bitcoin in the macro setting.
“Basically, this is the time to focus on what’s real, what’s being built, what problems are being solved, especially when you look globally — the whole world, developing markets, especially — and see what are the problems with the monetary system? What happens to inflation, what happens to authoritarian countries or frozen bank accounts and all that sort of thing, and what technologies might actually be useful to them?
For that type of reason, I am long-term structurally bullish on Bitcoin.”
In addition to the thesis that Bitcoin looks bullish from a macro perspective, Alden also says that investors should also keep an eye on BTC’s fundamentals.
“So I think it’s about managing position sizes and then focusing on the fundamentals, which contrary to what people think, they are fundamentals.
So basically you can look at what’s happening in terms of development: what’s happening with the Lightning Network, what’s happening with different wallets and ecosystems around the whole space, what’s happening with adoption in certain developing markets, what’s happening with on-chain indicators … There are different ways of analyzing the market to understand what’s going on under the hood.”
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