Lyn Alden Bitcoin - This is WORSE than 2008! Bitcoin Outlook for remainder of 2021 & Inflation

The US can't afford further stimulus or structural budget deficits. The country is fiscally in a problematic space. And the downside is that if you're holding cash or bonds, you can fail to recoup your purchasing power during that period.

The money printing is getting out of hand…

Today, the new inflation numbers came out today for June and they were even WORSE than expected. For June, we saw CPI exceed expectations and jump 5.4% which is a number that we haven’t seen since back in the financial crisis of 2008.

On the back of this news we also saw Bitcoin dump into the low 30’000s. So what is going on here? Isn’t bitcoin meant to be an inflation hedge?

In this video, Financial Analyst Lyn Alden gives her Bitcoin outlook - what is going on and how much of your portfolio to invest into the crypto space. Lyn Alden was the only analyst I saw that was telling people to take profits when Bitcoin was @ $60,000 so suffice to say I think she gives it to you straight.

With all the bullish on-chain bitcoin data, miners accumulating Bitcoin and Bitcoin user growth continually increasing, is it a good time to add to your stash?

During inflation, the central bank could raise interest rates to combat it.

A large chunk of the US debt is relying on variable interest rates. You will see average treasuries getting to around 3%. We are in an environment where most paths point towards currency devaluation, which is one consequence of the path forward. The high debt to GDP ratio is not anything new; yet, equity markets have continued to rally since 2009.

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TIMESTAMPS:

0:00 This is WORSE than 2008!
1:05 Lyn Alden - Time to load up on Bitcoin?
4:08 How much of your portfolio should be in Bitcoin?
5:15 Outlook for Bitcoin for REST of 2021 (BULLISH or BEARISH?)
7:47 Key to look out for NEXT (When will BTC rise?)

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#Bitcoin #Inflation #LynAlden