Lyn Alden: Bitcoin’s Value Lies in Optionality, Not Spending

Lyn Alden: Bitcoin’s Value Lies in Optionality, Not Spending
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Macroeconomics expert Lyn Alden argues that Bitcoin’s true value lies in its ‘optionality’ rather than its functionality as a medium of exchange. She highlights the challenges of spending BTC due to volatility and capital gains taxes, suggesting stablecoins as a better short-term solution.

  • Bitcoin's volatility and capital gains taxes make it impractical as a daily spending tool, according to Lyn Alden.
  • Stablecoins offer a more viable short-term solution for users needing low-volatility transactions.
  • Alden highlights Bitcoin's 'optionality'—its ability to serve as a censorship-resistant, portable store of value for cross-border payments.
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