If This Trend Continues, Bitcoin's Market Cap Could Grow Exponentially, Says Macro Guru Lyn Alden
Lyn Alden, a well-known macro expert, believes that Bitcoin (BTC) will steadily increase its share of global wealth.
In a recent interview with Peter McCormack, Lyn Alden shares her perspective on Bitcoin's evolving significance in individual portfolios. She suggests that people are likely to allocate a more substantial portion of their liquid net worth to a "self-custodial, globally portable" digital asset like Bitcoin.
Alden raises the question: "What percentage of your net worth would you want in this asset?" She proposes that the answer could be significantly higher than the current allocation, which typically represents only a fraction of 1%. If individuals consider having 5% or even 10% of their liquid net worth in Bitcoin, this could lead to an extraordinarily large market capitalization for Bitcoin.
Furthermore, Alden highlights Bitcoin's ongoing ascent in terms of monetary salability, liquidity, and network effects. She notes that Bitcoin continues to surpass the monetary bases of various countries, and it's essential to assess whether it outperforms other currencies overall. If it is deemed superior, Bitcoin's ranking among currencies could continue to rise.
At the time of writing, BTC is trading at $25,757.
Sep 06, 2023