Lyn Alden: I’m Not Selling A Single Bitcoin Before This Bull Run

Bitcoin’s long-term success depends on its ability to outpace the annual growth of the global money supply, which currently expands at roughly 7% per year. A price of $130,000 in a decade would represent a failure, as it would signify a loss of real purchasing power against the ongoing dilution of the dollar. Macro strategist Lyn Alden highlights that structural fiscal deficits, currently running at 7% of GDP, create a "fiscal dominance" environment that keeps asset prices elevated despite economic headwinds. While AI increases the risk of cyberattacks by lowering the cost of hacking, Bitcoin’s simple architecture provides a necessary defense. Investors must apply a "dilution rule" to their portfolios, evaluating yields against money supply growth rather than nominal interest rates, as corporations have long used debt to capitalize on this systemic currency devaluation.