TRUMP, INFLATION, MICROSTRATEGY & BITCOIN w/ Lyn Alden

Ongoing fiscal dominance and persistent U.S. budget deficits create a bullish environment for Bitcoin, despite potential short-term liquidity fluctuations caused by debt ceiling negotiations and tariff policies. Macroanalyst Lyn Alden highlights that structural deficits, rather than bank lending, now drive money creation, rendering traditional Federal Reserve tools less effective at curbing inflation. While the Fed may attempt to normalize its balance sheet, the necessity of funding government spending suggests a return to gradual monetary expansion. On-chain metrics, including market value relative to cost basis and HODL waves, indicate the current market remains in a mid-cycle phase, avoiding the extreme euphoria associated with previous cycle tops. Consequently, while geopolitical and economic variables remain complex, the long-term outlook for Bitcoin remains positive as the global financial system continues to grapple with structural debasement and fiscal imbalance.