“Nobody Can See Why Bitcoin Is About To EXPLODE…” Lyn Alden 2024 Bitcoin Prediction

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Bitcoin is about to explode, but nobody can see why. That is the latest 2024 prediction out from Lyn Alden.

Are we headed towards a recession? The answer is yes. According to Lyn Alden, the macro indicators are clearly signaling that the global economy is moving towards a recession much like 2001, and the repercussions could haunt us.

She also spoke about the ongoing debate between Bitcoin and Bitcoin ETFs. She provided valuable perspectives on the purpose of Bitcoin and its potential implications for inflation, highlighting its role as both a store of value and a hedge against currency debasement.

Furthermore, Alden examined the potential effects of the upcoming US elections on Bitcoin prices, considering how political developments could shape investor sentiment and market dynamics.
However, make sure to stay until the end of the video where Lyn Alden reveals Bitcoin’s trajectory in the upcoming days.

About Lyn Alden:

Lyn Alden Schwartzer, known to many simply as Lyn Alden, is an investment researcher who is the founder and content creator of Lyn Alden Investment Strategy.

Credits:

To watch the full interview of some of the clips featured , make sure to check out and subscribe to this great Bitcoin resource:

What Bitcoin Did

2024, the Year of the Bitcoin Bull with Lyn Alden

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“Why I’m Ridiculously BULLISH On Bitcoin” Lyn Alden 2024 Bitcoin Prediction

“Nobody Can See Why Bitcoin Is About To EXPLODE…” Lyn Alden 2024 Bitcoin Prediction

One thing that’s interesting about Bitcoin is that it’s over the long term it grows even less than gold in terms of new Supply so it’s even scarcer than gold and it can move around as fast or faster than FIA currencies can uh and so that’s a really compelling long-term

Story to get people to gravitate towards it uh and change some of the structure although you know in my view that’s a that’s a multi-decade story that’s not like a you know one decade or a two decade story it takes very long time to you know change these gigantic

Structures and one thing is notable about the Bret Woods era is that you know a lot of focus is on that 1971 decision to to leave it but what what the evidence shows that was breaking basically throughout the 60s um you know the Brett Wood system it was decided

Upon in 1944 it was implemented in 1946 but then it wasn’t really even fully implemented until the late 1950s that’s when they undid some of the kind of the post-war era uh controls that were in place and that’s when they actually started that that overall process and

From that point the amount of gold reserves went straight down and that’s partially because we were running significant deficits and it’s also partially because Banks fraction Reserve Banks were lending more dollars into existence and they were not constrained by the amount of gold in the system so

You had an environment where you know from 1950 to 1970 the broad money supply tripled as gold reserves diminished and so the system was it was inherently unstable to begin with there was always a rational decision to redeem some of those ever inflating dollars for gold

Until they were going to run of gold and so we kind of have this story where we centralize everything and then over over a matter of decades that centralized entity fails partially because it was just unstably designed to begin with it was kind of you know it it was like

Great while it lasted but it was designed not to last is the challenge we are heading towards a brutal recession but this is actually a catalyst for Bitcoin and crypto that’s a message out from macroeconomic expert Lynn Alden in her latest interview she broke down why the macroeconomic indicators are clearly

Signaling that the global economy is moving towards a recession much like 2001 why would a recession be bullish for Bitcoin in crypto this is because in a recession the central banks and governments have to print money and in a high liquidity environment assets like Bitcoin and crypto outperform the most

Lynn also broke down the Bitcoin ETFs and why institutions like Black Rock entering the space is a game changer make sure to stick around to the end of the video where Lynn reveals where she believes bitcoin’s price is going by the end of 2024 also guys only a small

Percentage of my viewers are actually subscribed if you enjoy staying up to date with Finance content consider subscribing or liking the video it’s free and you can always change your mind now here’s Lynn Alden on where she thinks Bitcoin is heading I in the view of either no recession or soft recession

Or and the way I describe that it’s kind of sector specific recession or the type of recession you generally see to Emerging Markets which which feel quite different than a recession you get in in typical develop markets so when people think think of recession now they often

Think of either covid or they think of the 2008 financial crisis whereas for example if you go back to the prior recession you had the 2001 recession which was obviously very bad for equities given how overvalued they were but the actual recession itself was quite mild in terms of the unemployment

Rate in terms of the GDP contraction in terms of what uh other sectors did um it was not a very severe recession by most metric and I think that to the extent that we do get a recession and I admit out you know it’s in 12 months there’s a lot that can happen

Uh but to the extent that we do get a recession I would expect to be more like that 2001 variety where some of those unemployment statistics and some of those GDP contractions are maybe not as severe as people fear but that of course can still have very big implications I

Think one of the biggest concerns in the markets is that a lot of the bond proxy type of equities so uh you know kind of defensive high quality equities a lot of them been bit up to very high valuations you know Costco for example it’s a great

Company but the stock is trading at at you know valuations that make it look like they’re doing AI or something right and so you have that problem yeah you have that problem where you know if you get even a middling economy let alone a slightly recessionary economy um those

Valuations are just hard to justify uh at at these very high levels so I think it’s very sector specific out Bitcoin itself gives you multiple opportunities that the ETF does not so for example you can self- custody it you can bring it around the world you can use it for its

Monetary purposes um but not everybody currently needs or desires that use case so uh if you don’t foresee that you’re ever going to want that use case um ETFs can make sense for people they have retirement accounts they have managed assets they you know they have traditional um brokerages and so to the

Extent that the ETFs are now an option I view them as better as gbtc has been so now gbtc is also an ETF um the downside is it fees are higher than some of these newer ones um and so generally if I if I had for example bitcoin price exposure

In a in a retirement account I would probably rotate towards those those cheaper alternatives the Fidelity or the black rock or you know these other lowc cost ETFs um if I was holding gbtc in a retirement account I would talk to my Tax Advisor because there there can be

You know if you not always chasing low fees is the right answer because you could get hit with an unexpected capital gain tax yeah you don’t want to you don’t want to do that because you want to have the benefit of all that un all that compounding yeah

Exactly yeah our money is not as broken as others and our savings we basically monetize the equity market for our savings that that’s what a lot of us do and so it’s easy for us to look around and say what’s the purpose of Bitcoin uh

I think the per when you when you look at the the um the use case for you have to look at the global Marketplace there’s 160 different currencies out there um and many of them do not have attractive Equity markets or real estate markets for people to invest in you know

The question of liquid savings is very hard I I have a um friend who’s a physician in Egypt and he literally Stacks physical dollars like under his mattress as part of his savings because he doesn’t have a local Equity Market that’s really attractive longterm he doesn’t want to hold his local currency

Uh so it kind of comes down to you know he’s got a little bit of real estate but that’s IL liquid um and so it comes down to Dollars gold uh and you know assets like Bitcoin and things like that um and so another another complicating factors

That let’s say for example if I send money to a graphic designer in country XYZ maybe it’s Egypt maybe it’s Nigeria maybe it’s Argentina they often will receive it in their local currency at a fake exchange rate and they then they still the problem of what do I keep my

Savings in or how do I how do I make sure I raise my prices each year in line with um uh the monetary debasement that’s happening and one of the cool things about Bitcoin or stable coins for that matter uh is that I can send them the money that they prefer around their

Local banking system as long as it’s not a sanctioned country for me right so for example I would not send money to an Iranian even though I I would have the technical capability to do so I wouldn’t take that risk as an as an American but

For example as long as they’re in a country where it’s fine for me to send it to them we can go around their local banking system which is the problem I can send them stable coins or I can send them Bitcoin over a call like this they

Could hold up a QR code and I could send it to to them they could send me a DM or an email saying here’s how to pay me I can pay them and then now they’re getting their full rate uh and they’re able to save it they’re able to bring it

With them should they leave their country which As Americans we don’t really think about leaving our country uh but if you’re in Lebanon if you’re in Argentina if you’re in Venezuela like I personally know someone who moved from Venezuela to Canada and he brought Bitcoin with him whereas many other

Venezuelans just leave penniless um as they try to fate because it’s very hard to actually bring value with you outside of countries that have that problem and so I think that the main answer I would say is think globally and think about a a a kind of a board with 160 different

Currencies most of them are rapidly devaluing most of them have Capital controls to varying strengths around them and things like Bitcoin and stable coins give people more options to self custody money to receive money they want to go around why you know Financial borders and things like that so one of

The main questions is to what extent could it impact inflation because that can impact uh Ford expectations of fed policy and bond rates which can then impact equity valuations for example um or even things like Bitcoin valuations but let’s focus on stocks and bonds here so to the extent that the Red Sea

Remains largely closed that’s a an ongoing moderate sized inflationary pressure that’s you know it’s up against other disinflationary pressures um to the extent that things exacerbate and say the US government uh US military gets more involved in certain regions uh that can exacerbate the fiscal deficit and result in more bonds coming

To Market than were otherwise expected which again can be negative for uh interest rates uh like it can be it can be problematic for interest rates and therefore Pro problematic for Equity markets it can force the FED to monetize debts that they would have otherwise not wanted to monetize because they’re

Trying to be hawkish um and so those are the main things there’s kind of that Baseline question of what if what if the status quo continues and then the longer term question of are there nonlinear events from this for example if we fast forward you know a year or two years

There’s questions like you know is Iranian oil still getting into the market or not right for one reason or another or is the Red Sea still open or closed there’s things that can kind of spiral negatively should certain things escalate and so those are the main

Things is does it disrupt energy uh does it disrupt shipping more than it already has but I think the the biggest outlier question is what happens does it affect energy in any sort of really meaningful way so I think that any anything that meaningful enough that has to go through

Congress and the president is unlikely to happen uh uh this year like anything that would really really materially affect them because of how polarized our political environment is uh you know there are some actions that be that can be done only with you know the executive branch for example but those are

Generally more restrained in terms of what they can do and so I generally discount that uh in this particular year or any one particular year um but they are important to monitor over a longer term period I also think that this this kind of shows the importance of sort of

Open Source versions of what some of these big tech companies do and so for example you know there’s a an open source protocol called Noster um that allows people to communicate with each other it’s kind of like uh you know an underlying protocol like Twitter except it’s more decentralized there’s no

Central entity that can decide who gets to post who doesn’t get to post what they can post um you know what what the what their if their posts are Amplified or de Amplified for example uh and also you can you can use it to send Bitcoin

To other people you can kind of tip each other’s post and then technically the protocol can be used for more things than that there’s also for example open source AI um that you know it’s right now it’s it’s several months behind some of the The Cutting Edge AI but it’s also

The fact that it’s it’s more unrestricted uh and that can actually in some ways make it make it better than the the technically Leading Edge stuff that has more filters over it things like that so overall if you go through the list of different Tech platforms out

There there are some of these open source equivalents and to the EXT that those centralized ones get disrupted or changed or kind of centralized more and more I actually think that increases the case for some of these open source ones um and then as well as things like

Bitcoin that actually allow for the payment uh to occur with these different things I mean one of the cool things I did was speaking of Bitcoin and foreign markets I used the um Africa Bitcoin conference app um uh it was it was last year and so you know I’m in this app

It’s a wallet um and you could you could use chat gbtc uh I mean chat um gbt uh with this app payable in Bitcoin uh without a subscription uh and so you know basically it democratizes access to some of these AI things that you know in recent years have otherwise taken

Subscriptions um so I I think that those Technologies can kind of get a leg up should we see some longer term disruption but yeah this year I wouldn’t expect much if there’s enough technological development so in other words enough deflationary pressure things like AI uh or making sure we

Continue to have abundant energy for example then you can get a case where the current status lasts a very long time in the sense that deficits keeping running uh every once in a while they’re monetized to significant degree and the inflation is uh you know largely offset

By the gains in productivity and the the downside of that scenario is that those who own Financial assets keep benefiting and benefiting and benefiting and you keep widening this existing Gap we have you basically you continueed the past 40 years uh and you probably get more and more political polarization until you

Get some extreme nonlinear events uh basically the the rate of those starts to increase decade after decade or at least the probability of those starts to increase decade after decade until you get unforeseen circumstances that that’s kind of one scenario the other scenario is that if you do run into more acute

Energy shortages you know we we don’t do sufficient energy cap backs and say for example we have a major multi-year sustained bull market in Energy prices or AI does not live up to the um productivity gains that the Bulls expect for example and doesn’t offset some of

The inflation enough then you can get more acute issues where you get things like yield curve control uh you get major currency devaluation relative to Commodities or relative to Consumer prices uh and you basically get a restructuring of the debt I mean there’s there’s there’s two major ways to

Default on debt one is you can default on it just outright and the other one one is you basically print the difference where you technically give all the units back but all those units buy a lot less than they could before it’s not it’s not the same unit that the

Contract holder expected when they you know uh bought that Bond uh and so I think one of those two outcomes basically in either way it’s generally not great um for someone who’s not prepared for it you’re either you know you’re either not owning Financial assets um you know kind of overall kind

Of ownership of things that are scarce and cash flow produc using or just useful um or you’re you know you own those and you get devalued so it’s it’s a really kind of challenging binary outcome that’s largely based on how how powerful those deflationary forces are so there’s Lynn Alden with her macro

Analysis indicating a potential recession looming on the horizon according to her assessment the global economy is due for an impending downturn however this is a positive Catalyst for the crypto space additionally she provided valuable insights into the world of bit coin shedding light on its significance amid the backdrop of

Economic uncertainty her analysis offers a clear cut view of the current economic landscape providing investors and policy makers alike with valuable guidance in navigating the challenges ahead before we go a quick reminder for those who are keen on staying updated in the fast-paced world of crypto and Bitcoin consider subscribing to our daily

5minute crypto newsletter it’s a concise resource for the latest expert predictions breaking news and top onchain analysis trusted by over 50,000 subscribers for insightful crypto investment information click the first link in the description to join our community and elevate your crypto investment knowledge today anyway guys hope you all enjoyed today’s video and

That provided you with some value I’ll see you all in the next one and as always all the best