Macro· ★★· bullish·

Lyn Alden: US deficit is a 'train you can't stop', bitcoin and gold to benefit

  • —Alden says the US deficit is largely locked in and now a macro variable for investors
  • —US debt has topped 100% of GDP, with interest costs a key driver of the deficit
  • —The Fed is 'in the back seat' with deficits at 7% of GDP limiting monetary policy
  • —Alden is long-term bullish on bitcoin and gold, but flags BTC's smaller size and higher volatility
Why it matters: Adds to the case for bitcoin as a hedge against dollar debasement as US debt keeps rising.
Source: TokenPost