El Salvador’s Bitcoin Bond with Lyn Alden

“Why don’t some large countries just print a little bit of money and buy bitcoin and stick it on their reserves for example; and if you were to see those cracks in the dam start to appear, and you were to start to see that happening, that’s potentially a really explosive moment.”— Lyn AldenLocation: RemoteDate: Monday 22nd NovemberProject: lynalden.comRole: MacroeconomistIn the last month alone, Bitcoin has hit all-time high prices, Bitcoin on exchanges has hit multi-year lows, and El Salvador announced a $1 billion Bitcoin bond to fund the development of a Bitcoin city.At the same time, economic signals have started to flash red. Inflation is on the rise: it's hit 6.2% in the US and is rising at the fastest rate in decades. Traditionally strong bond markets are under pressure and currencies in some parts of the world show signs of distress. The dichotomy is that whilst some search for safe havens, with the lack of a positive yielding bond market, many are looking to riskier assets. The economic conditions for bitcoin to become a recognised international gold-like reserve asset are upon us. The scope and scale of bitcoin adoption suggest that major players are literally buying into this narrative. In this interview, I talk to macroeconomist and investment strategist Lyn Alden. We discuss the lack of yield in bond markets, El Salvador's bitcoin bonds, inflation and the direction and role of the Fed.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hosting-----WBD427 - 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.