What Bitcoin Did TRUMP, INFLATION, MSTR & BITCOIN w/ Lyn Alden
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Jan 21, 2025 
Lyn Alden, a macro analyst and author of "Broken Money," discusses the intersections of U.S. fiscal policy and Bitcoin. She dives into the effects of inflation driven by tariffs and the Federal Reserve's role under fiscal dominance. The conversation covers the political implications of Trump’s presidency on cryptocurrency, the rise of meme coins, and their reflection of economic disillusionment. Alden also unpacks liquidity cycles and how current fiscal dynamics might shape Bitcoin's future in the ongoing financial landscape.
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Bitcoin and Liquidity
- Bitcoin's price action correlates with liquidity.
- On-chain metrics like market value to cost basis and HODL wave suggest a mid-cycle trend.
Trump's First Day
- Trump's first day included standard speeches and expected topics.
- A surprising event was the meme coin launch, unexpected by many.
Meme Coin Narrative
- Meme coins represent a nihilistic narrative in the crypto industry.
- They lack products but offer transparent financial gains, unlike some traditional ventures.