Popular macro expert Lyn Alden thinks Bitcoin (BTC) will gradually make up a much larger chunk of global wealth.
In a new interview with Peter McCormack, Alden says that individuals will likely want a higher percentage of their liquid net worth in a “self-custodial, globally portable” digital asset.
“What percentage of your net worth would you want that in? And I think a reasonable answer is a lot higher than the current number. The current number is a tiny fraction of 1%. And so if you say, ‘What if the answer is 5%? What if it’s 10%?’ You get to comically large Bitcoin market capitalizations even if Bitcoin just becomes this asset that people, in general, want a few percentage [points] of their liquid net worth in.”
Alden says Bitcoin can also be compared to other currencies, arguing that BTC has been “climbing up the scale” of monetary saleability, liquidity and network effects.
“It keeps getting higher and higher in terms of what country’s monetary base it’s bigger than. I think one idea is to think, ‘Okay, is it better or worse than those currencies overall?’ And therefore, if your answer is that it’s better, you should expect it to probably keep climbing that stack.”
BTC is trading at $25,757 at time of writing.
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The post Bitcoin Could Reach ‘Comically Large’ Market Cap if This Trend Unfolds, According to Macro Guru Lyn Alden appeared first on The Daily Hodl.
