Bitcoin in a Shifting Economic Landscape

This chapter explores Bitcoin's growing relevance amidst macroeconomic challenges, including recession and money printing. It examines Bitcoin's resilience and compares its performance to traditional assets while addressing the impact of political and economic conditions on its future. The discussion also critiques the intersection of government, corporate interests, and evolving institutional perceptions of Bitcoin as an asset class.

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Episode notes

In this seventh installment of the Why Bitcoin Now series, Meltem Demirors, the chief strategy officer at Coinshares, and Lyn Alden, the founder of Lyn Alden Investment Strategy, discuss the state of Bitcoin since June, amidst the presidential election – which takes place on the date of publication of the show -- and a global pandemic. Topics discussed include:

the significance of bitcoin staying above $10k for over three months
why the pandemic has created the conditions for which Bitcoin was designed
how the markets may react to a Trump or Biden win
why they believe, no matter which party wins, there will be massive deficits and a money-printing debt spiral
why other countries see opportunities to erode the supremacy of the US dollar
why Bitcoin has shown that it’s possible to have money without state
how the current record unemployment and massive stimulus efforts during the pandemic have impacted Bitcoin
the increasing interest in Bitcoin from traditional investors
the IMF’s recent call for a “New Bretton Woods moment” and how it may impact crypto
China’s DCEP central bank digital currency and the effects it may have on increasing China’s trade leverage
why the pandemic has made clear the importance of bringing more Bitcoin mining onshore
whether or not Bitcoin will be able to remedy growing wealth inequality
why privacy/encryption will be the main issue Bitcoiners need to watch from the coming administration