2020 Bitcoin & Macro Review with Lyn Alden

“I don’t think there are that many more hurdles anymore. I think once you have enough legendary investors come out, once you have a corporation add it to the balance sheet, once you have an insurance company add it, most of the flood gates are open.”— Lyn AldenLocation: RemotelyDate: Friday 18th DecemberCompany: lynalden.comRole: Macroeconomist2020 has been a year unlike any, even before the coronavirus pandemic, the global economy was showing signs of stress. With the outbreak, the spread of the virus and subsequent lockdowns, governments worldwide resorted to unprecedented levels of monetary and fiscal stimulus to keep the flailing economy afloat.With the record levels of money printing and the ballooning money supply, many earmarked 2020 as the year that Bitcoin could prove itself. In the last few days, Bitcoin has hit all-time highs of around $24,000, but unlike 2017, it is not just retail investors that have flocked to Bitcoin.MicroStrategy has paved the way for institutional investors to own Bitcoin by not only converting $450m of their treasury to Bitcoin but raising an additional $650m by way of a convertible senior note sale to buy more Bitcoin.MicroStrategy, legendary macro investors Paul Tudor Jones and Stanley Druckenmiller have taken positions in Bitcoin, signalling a new era of Bitcoin investors.In this interview, I am joined by Lyn Alden, a macroeconomist and founder of Lyn Alden Investment Strategy. We discuss the coronavirus pandemic's impact, the increase in the broad money supply, high inflation and institutional investment in Bitcoin.This episode’s sponsors:Kraken - The best place to buy, sell & trade BitcoinBlockFi - The future of Bitcoin financial services Sportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.-----WBD293 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.