Bitcoin · Strategy · Cointelegraph
Lyn Alden confirms Bitcoin needs no savior as Strategy sells $216 million of BTC
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Bitcoin-focused macroeconomist Lyn Alden said BTC must stand on its own as Strategy sold 3,588 BTC, while warning about leverage risks tied to STRC.
Key facts
- Alden also discussed Bitcoin Improvement Proposal 110 (BIP-110), which aims to reduce network spam by limiting data-heavy transactions, including those used to store images
- Bitcoin-focused macroeconomist Lyn Alden said BTC must stand on its own as Strategy sold 3,588 BTC, while warning about leverage risks tied to STRC
- Alden said the current downturn feels different from the 2022 bear market, when Bitcoin dropped to as low as $16,000 but enthusiasm among Bitcoin investors remained relatively strong
- Bitcoin is facing its weakest sentiment cycle yet, according to Lyn Alden, a Bitcoin-focused macroeconomist who said the asset must stand on its own as Strategy disclosed a $216 million Bitcoin sale
Summary
Bitcoin is facing its weakest sentiment cycle yet, according to Lyn Alden, a Bitcoin-focused macroeconomist who said the asset must stand on its own as Strategy disclosed a $216 million Bitcoin sale earlier this week. “I don’t think there’s anything coming to save Bitcoin,” Alden said in a Tuesday interview with journalist and Bitcoin educator Natalie Brunell, saying the asset's long-term success must come from its own fundamentals rather than external catalysts. “The asset has to survive on its own merits,” Alden said, pointing to Bitcoin’s underlying properties as a liquid, permissionless way to store and send value, instead of relying on a new source of demand. Her comments come as institutional adoption and corporate treasury strategies have become features of Bitcoin's latest market cycle.