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Macroeconomic guru Lyn Alden is laying out how Bitcoin can ultimately make its way onto the balance sheets of central banks of nation-states.
With countries around the world freezing and seizing assets from Russians while sanctioning the country’s assets, Alden says it is demonstrating a solid use case for Bitcoin.
“And the bigger Bitcoin gets, the more widely held it is, the more liquidity there is, the more central banks can start looking at that as a viable mutual reserve asset because it kind of fixes two things for them…
One, they have an asset that can’t be frozen by a unilateral third party, and two, they also can go around sanctions and they can have permissionless payments, and so that is something you’d think would become more attractive to countries around the world.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3u1Pqwj
✔ BTC STH’s transitioning into LTH’s: https://bit.ly/3L2PLpN
✔ Bitcoin Making Its Way to CB Balance Sheets: https://bit.ly/360pv0b
✔ $40K Ethereum Prediction: https://bit.ly/3u1TYTu
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#bitcoin #crypto #bitcoinnews #cryptocurrency #FTXPartner
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