El Salvador’s Bitcoin Bond with Lyn Alden - WBD427

Location: Remote
Date: Monday 22nd November
Project: lynalden.com
Role: Macroeconomist


In 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.