Bitcoin is on the rise, and one expert believes it’s going to keep climbing.
Lyn Alden, a well-known macro analyst, is very optimistic about Bitcoin’s future. She thinks the cryptocurrency will perform well over the next five years, and she’s basing her prediction on the US government’s massive debt.
The US Government’s Growing Debt:
The US government is currently dealing with a huge national debt of over $35 trillion. This debt is expected to grow to a whopping $55 trillion in the next decade. To manage this debt, the government is paying a record-breaking $763 billion in interest payments this year alone.
How Debt Benefits Bitcoin:
Alden believes this growing debt will actually help Bitcoin. The government’s interest payments are essentially pumping money into the economy, increasing global liquidity. This increased liquidity is good for Bitcoin, as it can lead to higher prices.
Bitcoin’s Volatility:
While Alden is bullish on Bitcoin, she acknowledges that it’s a volatile asset. Investors need to be aware of this volatility and adjust their investment strategies accordingly.
The Bottom Line:
Overall, Alden’s prediction is that Bitcoin will continue to rise in value over the next five years. The US government’s growing debt is a key factor in her prediction, as it’s expected to drive global liquidity and benefit Bitcoin. However, investors should be aware of Bitcoin’s volatility and manage their investments accordingly.
