Podcasts: El Salvador Macro Outlook with Lyn Alden 🔗 3 years ago

“In a market that’s so held up by quantitative easing and fiscal stimulus, when you start to see these reverse repos and the Fed starts talking about the potential for tapering next year… that certainly gives the market some jitters.”

— Lyn Alden

Location: Remotely
Date: Tuesday 22nd June
Project: lynalden.com
Role: Macroeconomist

The new legislation in El Salvador making Bitcoin legal tender is a bold move for the country. As a dollarised nation and with remittance making up 15% of GDP, there are clear benefits in bringing bitcoin and the Lightning Network to the country.

A catalyst for this move is the macroeconomic fallout of 2020 which included unprecedented monetary expansion and economic disruption. Today, it seems some of the effects are starting to appear in price inflation and oddities in the overnight lending markets between financial institutions.

Will El Salvador’s bet on Bitcoin pay off? And are these simply transitory macroeconomic irregularities, or is there cause for concern?

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss El Salvador making Bitcoin legal tender, other countries adopting Bitcoin, the Lightning Network and the reverse repo market.

This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus- The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger- State of the art Bitcoin hardware wallet
Revolut- A better way to handle your money

-----

WBD364 - Show Notes

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

Become a Patronand get access to shows early or help contribute

Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
If you do send a tip then please email me so that I can say thank you

Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer| TuneIn | RSS Feed

Leave a review on iTunes

Share the show and episodes with your friends and family

Subscribe to the newsletter on my website

Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium|YouTube

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.