Bitcoin Ready for a Promising Ascendancy After 2 Years: Analyst’s Outlook

Lyn Alden’s Long-Term Bullish Beliefs on Bitcoin

Crypto analysts and their predictions play a vital role in the ever-fluctuating crypto space, as the future of virtual assets always remains a mystery. Lyn Alden, a prominent figure in the market, shared her long-term bullish beliefs on Bitcoin, arguing that the cryptocurrency would exhibit a remarkably positive trajectory after 2 years.

The Rising Instability in Financial Systems

In her report published on October 13, Alden uncovered the “rising instability” in financial systems across the world, pointing out the necessity of restructuring the system. Providing a detailed idea of the history of the unstable financial economy, the analyst unveiled “three eras of financial instability.” While the “Internal Gold Standard” and the “Bretton Woods System” spanned from 1871 to 1914 and 1946 to 1971, respectively, the Dollar Reserve System, which began in 1971, continues till the present.

Alden’s Positive Perspective on Bitcoin and Gold

According to a post by Chinese reporter Colin Wu, Lyn Alden holds a long-term positive perspective on both Bitcoin and gold. The tweet stated that in a global crackdown, Bitcoin would be able to remain resilient if there is “a handful of small jurisdictional footholds globally to form a decentralized base around, and they stand to profit.” Reciting Alden’s words, Wu wrote on X,

“I have a long-term positive view on gold and bitcoin given the prospect for fiscal problems ahead. I don’t have a firm view on the bitcoin price over the next six months, but I am bullish with a 2-year view and beyond.”

Analyzing the Economic Conditions of the United States

While analyzing the economic conditions of the United States, comparing previous years, Alden had been hailing the financial economy as “less kinetic.” However, in a recent post, she acknowledged, “It has become “more kinetic” lately.”

Reasons Behind Alden’s Long-Term Bullish Beliefs

There are several factors that contribute to Lyn Alden’s long-term bullish beliefs on Bitcoin:

1. Global Financial Instability: Alden points out the rising instability in financial systems worldwide, highlighting the need for restructuring. With major economies experiencing financial instability, Bitcoin emerges as a potential safe haven.
2. History of Financial Instability: Alden provides a historical perspective on financial instability, citing the “Internal Gold Standard” and the “Bretton Woods System” as examples. These periods of instability ultimately led to changes in the monetary system, and Alden believes the current Dollar Reserve System is also tenuous.
3. Fiscal Problems Ahead: Alden’s positive view on Bitcoin and gold stems from her belief that fiscal problems lie ahead. As governments worldwide face economic challenges, Bitcoin and gold may serve as alternative stores of value.
4. Resilience during Global Crackdowns: Alden suggests that Bitcoin’s decentralized nature and the existence of small jurisdictional footholds globally could help it remain resilient during a global crackdown. This resilience may lead to long-term growth and profitability.

The Future of Bitcoin and Gold

While Alden refrains from providing a firm view on the price of Bitcoin in the next six months, she expresses her bullish outlook for a 2-year view and beyond. This indicates that Alden expects significant growth and potential for both Bitcoin and gold in the long run.

Conclusion

Lyn Alden’s long-term bullish beliefs on Bitcoin stem from her analysis of global financial instability, the historical patterns of instability, and the prospect of fiscal problems ahead. She sees Bitcoin and gold as potential safe havens and believes that Bitcoin’s decentralized nature gives it resilience during global crackdowns. While short-term price predictions may remain uncertain, Alden’s positive outlook for the long-term growth of Bitcoin and gold provides valuable insight into the potential of these assets.

Source link