Bitcoin Is Transformative Technology Because It Is Closing 'The Gap Between Fast Transactions And Slow Settlements,' Analyst Highlights

Benzinga08-23

Macro investor Lyn Alden sees transformative potential in Bitcoin BTC/USD with the emergence of open-source projects like Fedimint and communication protocol Nostr. What Happened: In an appearance on ...

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While she didn’t delve deeply into specific predictions, her comments suggested a continued belief in Bitcoin’s role as a hedge against monetary instability.\n\nAlso Read: Is Bitcoin Repeating 2019 Bull Run Patterns? This Indicator Suggest That May Be The Case\nAlden is particularly excited about Fedimint, an open-source project combining Bitcoin, the Lightning Network, and federated e-cash. As an investor through Ego Death Capital, Alden sees Fedimint as a powerful tool for communities to operate more efficiently and productively.\nThe privacy-preserving nature of Fedimint’s e-cash implementation is a key feature Alden believes will become increasingly important. “We went from privacy being normal to surveillance being normal,” she observed. “Some of these technologies can reassert privacy as normal.”\nBeyond Fedimint, Alden is enthusiastic about Nostr, an open protocol for censorship-resistant global communication. She sees Nostr and Bitcoin as symbiotic ecosystems, with Nostr serving as an excellent payment discovery tool for Bitcoin wallets.\n“Nostr is not as bulletproof as Bitcoin, but there’s this set of relays out there and all these clients connecting to relays,” she highlighted. “We have this kind of data availability matrix out there that makes Bitcoin better, and then Nostr is better because Bitcoin exists.”\nLooking ahead, Alden is optimistic about the potential for these open-source technologies to reshape social interactions and financial systems.\nWhat’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.\nRead Next: \n\nEXCLUSIVE: Mantra Aims To Bring Real-World Assets Onchain, CEO Says ‘Proven Tech Is Secure And Scalable’\n\nImage created using artificial intelligence with Midjourney. Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2461132817"}