Long-Term Growth Potential
Macroeconomist Lyn Alden believes Bitcoin’s rise to prominence will take more than a decade. She emphasizes that technological advancements like Bitcoin often take time to disrupt existing systems.
Underestimating Bitcoin’s Impact
Alden highlights that people tend to underestimate the long-term impact of Bitcoin on the financial world. She believes it will gradually transform payment systems, value storage, and investment success rates.
Eating into Other Assets
Currently, Bitcoin’s market capitalization is relatively small compared to established asset classes. However, Alden predicts that over time, Bitcoin will gain market share from savings accounts, sovereign bonds, and other investments.
Challenges Ahead
Alden acknowledges that Bitcoin’s growth will face challenges from nation-states, who may resist its disruption of traditional financial systems. She believes this ongoing struggle will shape Bitcoin’s future.
