As Bitcoin trades for $23,909.12, down 2.4% in the past 24 hours, Macro analysts Lyn Alden gave a stern reminder for those who are looking at the daily fluctuations of Bitcoin, that we are super early by all measures. In an interview with Relai – Learn Bitcoin, Alden explains that there is a process of mass adoption that hasn’t fully matured, thus we see the Bitcoin fluctuation. However, if an investor were to look at the slow bleed of the dollar, they would potentially see the value of Bitcoin from a 5-year time horizon standpoint. Bitcoin has taken a hard hit in the PR department, as it’s down significantly from its all-time high. Many experts believe that Bitcoin is just another speculative asset. Alden stated that those who have an understanding of how many works combined with a computer science background will have a better appreciation for Bitcoin. Alden also went on to explain that the majority of people will never understand Bitcoin, just like how the majority of people do not understand how money works in regard to credit card transactions and other daily money transactions.
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