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Categories: What Bitcoin Did

WBD314 - Sovereign Bonds & Bitcoin with Lyn Alden

Published on May 7th, 2021 by BTCMedia

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Bitcoin is not slowing down after its massive start to 2021, and February has been another incredibly bullish month for bitcoin.

First, following Tesla's announcement that they bought $1.5bn of bitcoin for their corporate treasury, the price surged above $50,000 for the first time.

A few days later, with the bitcoin price at $53,763, the market capitalisation of bitcoin broke $1 trillion.

Although bitcoin has since dropped back below the $1 trillion market cap, some analysts have suggested that if bitcoin can hold above that level, this de-risks bitcoin as an investment. With this, some institutional investors may begin to see bitcoin as a more feasible option.

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss Tesla buying bitcoin, MicroStrategy's billion-dollar raise, hitting a $1 trillion market cap and the sovereign bond market.

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