What Bitcoin Did with Peter McCormack

Sovereign Bonds & Bitcoin with Lyn Alden

02.26.2021 - By Peter McCormackPlay

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“Yield curve controls are like rocket fuel for all of these inflationary assets. If they try to suppress yields while inflation moves up this summer thats rocket fuel for all these scarce assets.”

— Lyn AldenLocation: Remotely

Date: Thursday 25th Feb

Company: lynalden.com

Role: MacroeconomistBitcoin 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.This episode’s sponsors:Kraken - The best place to buy, sell & trade Bitcoin

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