Lyn Alden Drops Warning Involving CBDCs

It’s been just reported that the macro guru Lyn Alden dropped a warning about CBDCs. Check out the latest reports about this below.

Popular macro expert Lyn Alden said the fact that they are “generally not positive” on central bank digital currencies (CBDCs) amid an increasing adoption of centralized digital currencies.

In a new interview on the David Lin report, Alden says that CBDCs give authorities “extraordinary control” over the end users.

“Obviously the downside [of CBDCs] is that you centralize everyone’s usage of the public ledger.”

She continued and stated the following:

“That gives the government extraordinary control. They can surveil everything, they can freeze funds more easily. They can make it more programmable so they can say you know interest rates vary based on your age or based on other activity.”

She also stated this:

“I think countries like China show some of the scarier scenarios for how that can turn out. Where they can link like a social credit score for example to your money and just basically try to control society at a much finer degree than we’ve normally been used to.”

She also revealed the following:

“I think we’ve had a multi-decade trend towards greater and greater financial surveillance and control, and Central Bank Digital Currencies kind of represent the end-game scenario for that. So I’m generally not positive on CBDCs…”

The popular macro guru says that while she understands why governments are interested in CBDCs, her focus is on their counterweights such as Bitcoin (BTC).

Hedge fund boss Anthony Scaramucci says one major catalyst is likely to cause a wider adoption of crypto assets.

In a new interview with Yahoo Finance, the SkyBridge Capital CEO says the fallout from the US banking failures will prompt more people to invest in top crypto assets like Bitcoin (BTC) and Ethereum (ETH).