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0 sats \ 4 replies \ @21bitcoinApp 30 Aug 2022 \ on: Lyn Alden AMA bitcoin
Huge fan of your work, Lyn!! @lynaldencontact.
- Are you still bullish on #Bitcoin. If yes, why? If not, why not?
- What could be the next catalyst for #Bitcoin adoption?
- How high do you think interest rates will rise in the U.S. and Europe before our debt system collapses?
- Is the Europe Union at the end? How should one provide for the future?
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For the long run, yes. In the near term, it is rough because the Fed is tightening monetary policy into an economic slowdown, though.
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I think a pivot in monetary policy and easing of liquidity can allow for the next leg up.
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I think they'll stop raising rates if there are signs of severe credit market or Treasury market stress.
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The Euro Area (the subset of the EU that uses the shared currency) is being stressed pretty hard here. It's the place in the developed world that I'm most concerned about. I think one needs to have scarce assets and some degree of self-sufficiency if possible.
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Thanks a lot for your response, Lyn! Could you elaborate on point 4. a bit? What kind of assets you have in mind? And what specifically you mean with self-sufficiency?
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Any kind of scarce assets really -- just not currency afaict.
re: self-sufficiency, you want to hedge against all manners of problems that can break out when a developed country goes through a hard period.
- non-dependence on civil unrest second order effects like worker strikes (e.g truckers, etc), not being in a huge city where crime can really go up
- possibly remote job to allow for relocation if shit hits the fan
- electricity backup in case of high prices / grid downtime / blackouts.
etc
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Indeed. Thanks for your reply. Really strange times we are living in. Glad we have #Bitcoin, it gives us at least a little bit of hope.
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