Can Bitcoin support eight billion people? Macro expert Lyn Alden predicts how BTC can scale globally
Macro strategist Lyn Alden says it may be possible for the leading digital asset Bitcoin (BTC) to support the planet’s population.
In a new What Bitcoin Did interview, Alden says she can see BTC becoming a global money and supporting eight billion people because of how Bitcoin is layered.
“Yes, I think the only way it works realistically is in teams, and that’s how a complex financial system is developed. So you basically have Bitcoin [as] the foundation, [then] you have Lightning [Network] and then you have different layers of custody on top of that.
You can have things like the Cash App. The Cash App can be scaled to tons of people, but of course you trust the Cash App. You give up a certain degree of the unauthorized …
I believe that when you combine several teams and technologies together, people can somehow choose their own adventure according to how far down in the Bitcoin stack they want to go or what their economic reality allows them to go.
Some with a lot of Bitcoin may want to go deeper into the Bitcoin stack, while many others may want to rely on the federated custodian services or complete custody services or just have their own type of Lightning set up. ”
Alden also claims that money is a type of technology and that we are still in the early stages of BTC’s existence as a currency.
“If you look back in history … money is this kind of technology, and I think we’re 13 years into it, and we’re still too early to imagine the world 50 to 100 years from now …
But I think the combination of a global network, with cryptography, with proof of work, with difficulty adjustments has changed the game here when it comes to what is possible with money. And Bitcoin is obviously the best version we know of how to do it.
You can never fast forward 20-30 years and say that this is how the world looks, but I think we have opened this Pandora’s box to recreate the possibility of hard money, commodity money, but one, unlike gold, moves at . speed of light.”
I
Check price action
Don’t miss a beat – Subscribe to have crypto email alerts delivered directly to your inbox
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
 
Disclaimer: Opinions expressed by The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock / vectorpouch / Anastasiia Bakai
