Is Hyperinflation Coming? with Lyn Alden
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Location: Remotely
Date: Monday 25th October
Company: lynalden.com
Role: Macroeconomist
Over the last 18 months, Bitcoin has had an astronomical rise, not just in price. It has gone from a niche asset driven by retail to being held on the balance sheet of some of the most forward-thinking corporations in the world. Not only that, El Salvador's groundbreaking legislation made Bitcoin legal tender.
During this time, the fiat currency experiment looks to be coming apart at the seams. Over the last 18 months, more than $5 trillion dollars have been created in the US alone. This increasing supply of money is driving prices higher. CPI in the US is now at 5.4%, and while the FED continues to claim inflation will be transitory, this looks highly doubtful.
How high will inflation go, and is bitcoin truly a hedge?
In this interview, I talk to macroeconomist and investment strategist Lyn Alden. We discuss the rising commodities markets, if we are likely to see wide-scale hyperinflation and the pros & cons of Bitcoin futures ETFs.
00:03:18: Introductions
00:04:43: The long-term debt cycle
00:06:56: 15-year commodity market
00:10:07: The energy market
00:12:51: Nuclear disasters
00:17:30: Aluminium production
00:21:17: Inflation rates and the CPI
00:22:52: Owners' equivalent rent
00:31:44: Hyperinflation
00:39:00: Inflation in the 1940s vs the 1970s
00:46:19: Lyn's investment thesis
00:48:27: Bitcoin ETFs
00:51:30: Price predictions
00:53:20: Aikido
00:56:08: Final comments
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Mentioned in the interview:
Levels of climate-warming greenhouse gases in atmosphere reach record highs
Analysis: Economists eye surging money supply as inflation fears mount
jack⚡️ on Twitter: "Hyperinflation is going to change everything. It's happening."
Lebanon’s inflation rate is worse than Zimbabwe’s and Venezuela’s
Other Relevant WBD Podcasts:
WBD358: Gradually then Suddenly Pt 1 - Killing the FUD with Parker Lewis
WBD075: Mt. Gox Interviews
WBD037: Game Theory of Bitcoin Attacks and why Proof of Work Needs to be Expensive
WBD252: WTF is Happening in 2020? With Guy Swann, Ben Prentice & Heavily Armed Clown
WBD192: Beginner’s Guide #11: Bitcoin and the Macroeconomy with Travis Kling
WBD032: Tuur Demeester on the Looming Debt Crisis and Central Banks for Bitcoin