Bitcoin Is Hard Asset To Own Amidst Inflationary Environment

There are all kinds of optimistic predicitons about Bitcoin and other digital assets these days. Check out the latest reports about BTC coming from macro strategist Lyn Alden.

Macro strategist Lyn Alden says that Bitcoin (BTC) is one of the hard assets to own alongside gold and real estate in a macro environment heavily influenced by inflation.

In a new interview on What Bitcoin Did with Peter McCormack, Alden says that she doesn’t see inflation easing up anytime soon.

It’s also important to note the fact that she believes wealthy countries like the United States will continue to print money to fulfill their financial obligations.

“In developed countries, it generally happens instead through inflation where they say, ‘We’re going to pay the debt because it’s denominated in a currency we can print, so we’re not going to default. We’re just going to print a lot of money and we’re going to pay those debts.”

She continued and said this:

“You’re going to get every dollar or every euro or every pound you’re owed. It’s just going to be worth maybe half as much as it was when you bought that security.’ So I think what we’re going to see is that inflation’s going to be higher than interest rates on average for a prolonged period of time.”

Amid a long-term inflationary environment, Alden said that she she’s invested in a diversified basket of hard assets including Bitcoin.

“Majority of my assets are in these long-term hard assets: things like energy producers, pipelines, profitable companies producing real things, Bitcoin, some gold, different types of commodity exposures, basically real-world exposures, real estate.”

Last month, she referred to Bitcoin as the “fastest horse in the race.”

“I err towards Bitcoin being successful long term. I think it has the properties.”