In a recent discussion with crypto trader Scott Melker, macroeconomics expert Lyn Alden laid out how nations might shift towards adopting Bitcoin (BTC) as a primary financial standard.
This conversation arises amidst the U.S. reaching a staggering $35 trillion in debt.
The idea of a Bitcoin Standard, first proposed by economist Saifedean Ammous in 2018, envisions Bitcoin as a decentralized and market-driven alternative to traditional central banks. Alden proposed several steps countries could take to facilitate this transition:
Alden pointed out that this transition would be gradual, as Bitcoin’s current market cap is too small to serve as a global reserve currency. However, she believes that ongoing fiscal challenges in the U.S. might drive institutions and governments to start accumulating Bitcoin, which could spur its growth and adoption.
“As the fiscal issues in the U.S. become more apparent, the move towards assets like Bitcoin will likely increase, leading to greater liquidity and readiness for broader use,” Alden concluded.
Despite Bitcoin cooling off to around $108,000 after recently breaking above $110K, derivatives data shows that large traders are still betting big on a major rally.
Institutional interest in crypto appears to be reigniting, with U.S.-based spot Bitcoin and Ethereum ETFs collectively pulling in over $1 billion in net inflows on Thursday—marking their strongest daily performance since January.
Strive Asset Management, co-founded by entrepreneur Vivek Ramaswamy, is taking a strategic approach to growing its Bitcoin holdings—by acquiring distressed crypto claims rather than buying directly from the market.
Bitcoin marked a new all-time high of $111,861 on Bitcoin Pizza Day, but beyond the headline, data suggests this rally is still gaining steam — not cooling off.