Sovereign Bonds & Bitcoin with Lyn Alden
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Sovereign Bonds & Bitcoin with Lyn Alden - WBD314
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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.
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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Mentioned in the interview:
Bitcoin Market Value Shoots Past $1 Trillion Amid Tesla-Fueled Surge
MicroStrategy buys more than $1 billion worth of bitcoin, adding to massive holdings
Stone Ridge Adds Bitcoin to its Diversified Alternatives Fund
ECB signals rising concern about eurozone bond market sell-off
MicroStrategy adds another billion dollars of Bitcoin to its balance sheet.
Square goes even bigger on bitcoin with a new $170 million investment
Tesla Bonds Are Still Junk — but the Ratings Are Getting Better
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