Lyn Alden - WHY You NEED Bitcoin Right Now!

Lyn Alden - WHY You NEED Bitcoin Right Now!

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Lyn Alden: You Need Scarce Assets Like Bitcoin

Here, Lyn Alden discusses the rising inflation and lawmakers' attempts to downplay the effects. She also compares the current inflation with the 1940s. Finally, she suggests holding scarce assets like Bitcoin, real estate, and some techs.

Here are the highlights of the interview:

The difference between the rate of change and the absolute price level. And that's what trips people up. So, in terms of rate of change, if prices are 5%, higher than a year ago but if next year prices are only 4% or 3%, higher than now, then there's less inflation rate of change. But it's not like the prices went back down. No inflation took those prices away.

The 1940s was the last time we saw this sort of fiscal monetary environment where similar kind of catalysts was used to justify this type of fiscal spending.

Policymakers use different excuses such as the pandemic to justify the excess spending. In the 40s, there was high inflation that rose to 19% year over year at one point. Then it cooled off and went back down to zero.

Alden's overall model for the 2020s is that there's going to be giant, runaway inflation, which will be intermittent. But we won't deflate back down to where we were before. So, by the end of the decade, people holding cash and bonds will be able to buy fewer goods and services than before. And there will be some disinflation areas due to technology. It is advisable to invest in scarce commodities such as Bitcoin, real estate, key tech companies, and gold.

Over the past decade, until last year, we were getting some real CPI inflation. The past decade was mostly characterized by asset price inflation and not CPI inflation. So, it was a somewhat disinflationary tech-heavy decade, where if you were owning key properties or key tech companies or just the S&P 500, you got much further ahead than someone who had not invested in assets.

Gold is a major inflation hedge. It can do well both in inflation and disinflation. Gold primarily is a hedge against negative yields and that can happen in inflationary and disinflationary environments where something like copper oil and other types of industrial commodities is inflation hedges. So If real rates are positive and inflation is high, those things are likely doing well because they're often what's driving inflation.

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