In this episode, we sit down with Lyn Alden for an in-depth discussion on her recent presentation at Princeton, evaluating the thresholds at which the academic community might recognize bitcoin's legitimacy in terms of its market valuation or size. We explore if the ETFs have the potential to amplify a potential bull run, and we get her thoughts on self-custody vs ETFs. Last, we explore her opinion on various bitcoin price models and what may mark the top of this coming cycle.
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TIMESTAMPS:
00:00:00 Intro
00:01:20 Explaining bitcoin at Princeton
00:07:58 What size bitcoin will academics take bitcoin seriously?
00:12:03 Surprises in your book, Broken Money?
00:15:15 First month of bitcoin ETF results
00:19:31 ETFs amplifying the bull run?
00:21:40 Muted 2021 high?
00:22:59 Could the ETFs capture bitcoin?
00:30:00 Self-custody vs ETF?
00:37:54 How big of an impact will the halving have?
00:40:03 Halving vs macro liquidity cycle?
00:42:50 S2F model, power law model, and price models
00:44:40 Where is the next cycle top?
00:47:05 Will “crypto” gambling ever die?
00:49:36 Buying bitcoin vs bitcoin startups
00:52:37 What’s a good bitcoin startup?
00:55:04 How could bitcoin fail?
00:57:40 Closing thoughts, Broken Money, and Ego Death
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→ Buy Lyn’s book: https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG83QBJ6/