Sovereign Bonds & Bitcoin with Lyn Alden

 
 
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“Yield curve controls are like rocket fuel for all of these inflationary assets. If they try to suppress yields while inflation moves up this summer thats rocket fuel for all these scarce assets.”
— Lyn Alden

SHOW DESCRIPTION

Location: Remotely
Date: Thursday 25th Feb
Company: lynalden.com
Role: Macroeconomist

Bitcoin is not slowing down after its massive start to 2021, and February has been another incredibly bullish month for bitcoin. 

  • First, following Tesla's announcement that they bought $1.5bn of bitcoin for their corporate treasury, the price surged above $50,000 for the first time.

  • A few days later, with the bitcoin price at $53,763, the market capitalisation of bitcoin broke $1 trillion.

Although bitcoin has since dropped back below the $1 trillion market cap, some analysts have suggested that if bitcoin can hold above that level, this de-risks bitcoin as an investment. With this, some institutional investors may begin to see bitcoin as a more feasible option.

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss Tesla buying bitcoin, MicroStrategy's billion-dollar raise, hitting a $1 trillion market cap and the sovereign bond market.

TIMESTAMPS

00:05:04: Introductions
00:05:43: Sovereign bond market
00:08:25: How the bond rates are set
00:11:47: "When Money Dies"
00:15:17: Currency wars
00:16:29: Global gangster
00:19:32: Oil for gold or euros
00:22:03: Europe's lack of monetary sovereignty
00:24:45: Covid bounce back
00:27:51: S&P forecast
00:30:25: $1 trillion market cap
00:35:02: GBTC premium
00:43:30: A Bitcoin ETF
00:48:26: Michael Saylor's borrowing power
00:51:09: Tesla and Bitcoin
00:59:06: Be cautious buying in the bull market
01:05:47: Final comments

 

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SHOW NOTES

PodcastPeter McCormack