Bitcoin’s Recovery Must Come From Fundamentals: Lyn Alden
The post Bitcoin’s Recovery Must Come From Fundamentals: Lyn Alden appeared on BitcoinEthereumNews.com. 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 just 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. On Monday, Strategy’s weekly 8-K filing disclosed that it sold 3,588 BTC. Bitcoin sen