CandleFocus Macro Guru Lyn Alden ‘Very Bullish’ on Bitcoin Over Next Five Years Amid Large US Interest Payments on Debt
2024-09-10
Author: Content Editor
Macro expert Lyn Alden is bullish on Bitcoin (BTC) in the long term due to the increasing interest payments of the US government on its national debt, which is projected to reach over $35 trillion. Alden believes that Bitcoin's correlation with global liquidity will continue, and expects the asset to trade higher over time. She cites the expectation of "structurally high deficits" in the US government in the coming years as a reason for her bullish outlook. The growing interest payments stimulate the economy and contribute to global liquidity, which Alden believes is positive for Bitcoin. Data from the Treasury Department shows that the US government is paying a significant amount in interest on its debt. Bitcoin is currently trading at $56,730, up 3.35% on the day.
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