Flame X Hall – Cointelegraph Magazine

Lynn Alden says most financial advisors are “followers, not leaders”… but that means BlackRock and Fidelity ETFs will pile into bitcoin as soon as they give the asset the green light. A TradFi Influencer Jumps Aboard the Bitcoin Train, Predicts Terra-Lunar Implosion, Explains Why FTX “Clown Bucks” Are A Dangerous Idea

Lynn Alden told LNA magazine that she suspected it was a craze, but she didn't expect it to explode so quickly after warning her followers about it.

“Luna went out into the field. The Ponzi scheme had obvious characteristics, and it was dangerous. So I wrote about it, and it got some attention,” says Alden.

Alden's 652,500 followers must have felt like she had some kind of crystal ball, realizing how quickly things were going down after her neck.

“I didn't think it would blow up in a month or two, but things would become irregular,” she says.

Alden is the mastermind behind Lynn Alden's Investment Strategy – a website that curates investment research for everyone, from everyday Joes to big shots. She comes across as very confident, but had some reservations at first when she dipped her toes into Bitcoin.

“I thought the topic was clean and maybe I was going to use my computer. But I was always like, ‘I'll figure it out next week,' and I never got around to it.”

That was in 2010, when Bitcoin hit a then-high of $0.39. Might be a good idea to take a few out, hey?

Bitcoin had a big price pump in 2014 and another in 2017 when she wrote her first article on Bitcoin.

She still held back from buying any, believing at the time that it was “a very promising technology, but it was in the throes of excitement.”

Alden saw an opportunity to hold some Bitcoin at the start of the Covid-19 pandemic as it followed traditional assets into a global depression.

“In the year In March 2020, when it collided with other things, it showed many characteristics of gold and silver during the liquidity crisis. So I bought Bitcoin in April 2020 for $6,900 coins and recommended it to my research subscribers.

Since then she has been all over the community and tries to explain WTF is going on when major disasters hit the industry.

She had the most popular tweet in November 2022, in which she made a humorous comparison between McDonald's and Starbucks to explain what was wrong with FTX.

What made Twitter famous?

While she was in the TradFi spotlight, Alden's Twitter following began to pick up steam.

In the year In 2019, the yield rate in the US increased – if this is perhaps surprising, the overnight loan rate.

Alden went online to debunk the financial Twitter scandal, also known as FinTwit. It's like crypto Twitter, maybe a little crazy.

“There was a lot of analysis of what was going on and I wrote a detailed thread explaining what contributed to that repo increase and I made the argument that it wasn't a bank failure but a supply problem.”

“It was backed up by a lot of evidence, and that gave me more credibility and followers on Twitter. The momentum really didn't stop from there. Snow started hitting the ball,” she said.

Naturally, her entry into the Bitcoin scene with her economically astute mind has attracted two distinct groups of followers.

“I work in two different worlds that partially overlap. The macro world, where many still don't particularly appreciate bitcoin, and then the bitcoin world, where some care about the macro.”

What kind of content can people expect?

If you're into Bitcoin and macroeconomic insights, Alden will be right up your alley.

But not all of her OG fans were cool with her new interest.

“Some people say, ‘I like her macro stuff, but she really likes bitcoin,'” she said.

It fools them even more because they have turned their backs on a golden opportunity.

“If you like my macro but ignore my Bitcoin recommendation, here's a top-performing recommendation, or with Uranium and a micro strategy, which is basically another source of Bitcoin.”

“Okay, so, other than my best call. You love my work. It's funny,” she laughs.

I have analyzed and highlighted many investments. Why do people call Bitcoin's only recommendation (at $6,900 per coin as of April 2020) a “pump”?

Was it a “leak” when I repeatedly mentioned oil reserves and pipeline reserves?

It seems skewed to me.

— Lyn Alden (@LynAldenContact) October 9, 2022

What kind of content do you like?

Alden digs his micro-strategy Michael Saylor, but secretly hopes he'll cool it a bit on Twitter/X and let us see the unfiltered.

“I think Cyler does well on podcasts,” she says. “He's very good at conference. However, on Twitter, I think he holds back a little bit and focuses on other things, but I follow them, and I love the microstrategy updates to see what they're buying.

Alden likes to follow the people at the heart of the industry's decisions.

“I try to get a big mix. I focus on what company founders say. I follow some VCS. They write about things in the space. I intentionally look for a broad mix of perspectives,” she says.

She also likes memes and points out that they are like romantic relationships.

“I think the main advice is don't force a meme. If you force it, it won't be funny,” she says.

“If you follow different conversations and debates and things like that, funny memories can come to you very quickly.”

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Predictions?

Alden says the approval of a Bitcoin ETF somewhere could release a flood of money sitting unused on other Bitcoin products.

“I think that's a demand driver because it opens up certain types of capital that don't want to invest in an ETF in the future, that don't want to invest in a trust. It's in an existing brokerage account.”

She points out that most asset managers are lazy and only run with the likes of BlackRock and Fidelity.

“It gives the green light for consultants to consider it a serious asset because most of them are followers, not leaders.”

As for price projections, Alden initially offered a conservative forecast.

“I'm very good at having a two-year view. So, by the end of 2025, I expect it to be significantly higher than it is now, and I'd be very surprised if it's not. That's my higher penalty period.”

Seriously though, it's a hall of flames – we're not here for wishy-washy, reliable predictions. We want your genuine confidence in the price.

Alden finally caved…

“I'm basically referring to the statement that if Bitcoin's hashrate is secure and decentralized and overcomes the various challenges with it, I expect seven figures in the 2030s,” she said.

Also, great news for shit-coin fans – Alden is feeling positive about not only Bitcoin's value being created.

“I think some of the hot altcoin assets will probably co-brand with Bitcoin. I don't think this is going to be a cycle where Bitcoin pumps out alone.”

I do not rely on the charts, nor my predictions.

My base case would be $100k-$200k next cycle, which is less than 3.5x and thus lower returns.

But not far above $241k, imo. For basic (non-chart) reasons.

— Lyn Alden (@LynAldenContact) June 18, 2023

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Ciaran Lyon

Ciaran Lyons is an Australian crypto journalist. He is also a freelance comedian and has been a radio and TV presenter on Triple J, SBS and The Project.