Bitcoin’s BTC/USD health received an A- from macro analyst and author of “Broken Money,” Lyn Alden of Lyn Alden Investment Strategy.
She concluded the network is “highly investable, both in Bitcoin directly as an asset, and in the equity of companies building on top of the network,” after assessing Bitcoin on the following five different metrics.
1. Market Capitalization And Liquidity
Price is an adoption metric that, according to Alden, “means something across several years.”
Bitcoin is making higher highs and higher lows, a positive sign for the asset. Moreover, liquidity is increasing, leading to a positive network effect — the bigger the entities buying in, the more big…
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