165 - Death of the Dollar?! with Lyn Alden

Lyn Alden is one of crypto’s favorite macro commentators and also a frequent returning guest to the Bankless program. When Lyn comes on Bankless, you know it’s because Macro is confusing, and we need help navigating these chaotic waters.

Inflation! Bank run! Insolvency! Recession! Everyone’s yelling things! But what’s going to happen? Lyn has the answers.

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✨ DEBRIEF | Unpacking the episode:
https://www.bankless.com/debrief-lyn-alden

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In today’s episode, Lyn covers whether or not the Fed Balance sheet is expanding to infinity, what’s even on the Fed Balance sheet, how the Fed actually works, why a regional bank crisis might domino to the Dollar losing world reserve currency status, and how that same bank crisis might impact the 2024 US Election.

This is a Lyn Alden episode you don’t want to miss.

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Topics Covered

0:00 Intro
5:09 Summary of Last Few Weeks
6:19 Speed Bump or Phase Change?
7:55 Nobody Knows What Happens Next
10:10 The Balaji to Ben Spectrum
18:14 Fed Balance Sheet Timeline
24:08 Run on the Fed?
31:05 U.S. Treasuries Value
41:31 Impact of the Economy Post-Sucking
47:31 Innovation Damper
49:18 Rethinking the Dollar’s Role in the World
52:52 Bull Case for Non-U.S. Dollar Supremacy
57:38 More Division in the Economy?
1:01:38 Loss of the Dollar?
1:08:00 Reserve Currency Predictions
1:12:47 Bitcoin Liquidity Profile
1:15:46 What Do We Do Lyn?
1:18:14 Is Crypto the Ultimate Tail Risk?
1:20:19 Closing & Disclaimers

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Resources:

Lyn Alden Twitter
https://twitter.com/LynAldenContact

Lyn Alden
https://www.lynalden.com/

Links to our recent macro series
https://youtu.be/pP_HHE0kFhA
https://youtu.be/E8lxrsF29u0
https://youtu.be/-DzY_pCFGbI
https://youtube.com/live/eregdZPLYjg

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures