![]() Applications / utilities are starting to increase in volume and liquidity may increase. “I think people are ignoring the potential importance of the Lightning Network in the payments industry over the next five years.Īs BTC base tier fees rise, the Lightning Network becomes more important. This article dissects some of the nuances of that view. Lightning Network is a layer 2 technology on the Bitcoin blockchain that enables faster and cheaper transactions. Published December 2022 In the wake of the FTX/Alameda collapse, which came after prior collapses of Luna, Celsius, Voyager, and Three Arrows Capital, many crypto industry analysts have pointed towards DeFi ('Decentralized Finance') as a potential solution. Tether welcomed the move, saying that “the importance of this milestone goes beyond the potential of cryptocurrencies in providing financial security”.Īlden said earlier this year that the importance of the Bitcoin Lightning Network in the payments industry is being underestimated. “Chinese media reports that the government of Myanmar will now accept the renminbi in cross-border trade with China, while the parallel / overturned government of Myanmar introduces tether.” The strategist responded to a report that Myanmar’s parallel government, led by Aung San Suu Kyi, has accepted Tether (USDT) as the official currency for domestic use. Regulated stablecoins, foreign stablecoins, central bank digital currencies, BTC, etc. “In the coming decades, international payment transactions will look very different than in the past. Lyn Alden is founder of Lyn Alden Investment Strategy where she provides investors with research, information, and tools to help them build wealth. ![]() We saw broad money supply increase 25 year-over-year. Macro-investment strategist Lyn Alden says cryptocurrencies will revolutionize international payments in the coming decades.Īlden said several cryptocurrencies that will be used for global payments in the future include bitcoin, as well as private and public stablecoins. JanuS1 Digital Assets 2020 was the perfect storm for Bitcoin The macro environment couldn’t be more attractive. ![]()
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