Macro expert Lyn Alden believes that Bitcoin (BTC) has the potential to capture a much larger portion of global wealth in the future. In an interview, Alden suggests that individuals may want to allocate a higher percentage of their liquid net worth into a “self-custodial, globally portable” digital asset like Bitcoin.
Currently, Bitcoin makes up only a tiny fraction of 1% of net worth, but Alden proposes that if people were to allocate 5% or 10% of their net worth to Bitcoin, it could result in a “comically large” market capitalization for the cryptocurrency.
Alden also compares Bitcoin to other currencies, noting that it has been steadily gaining in terms of monetary saleability, liquidity, and network effects. Bitcoin has been surpassing the monetary bases of various countries, suggesting that it may continue to climb the ranks and outperform other currencies.
At the time of writing, BTC is trading at $25,757. Alden’s optimism about Bitcoin’s future growth reflects the belief that it could become a significant store of value and attract a larger share of global wealth.