Alden: All Roads Lead to Debasement Despite Fed QE Semantics

Lyn Alden predicts gradual Fed money printing will boost Bitcoin as Trump’s hawkish nominee adds market uncertainty.

  • Economist Lyn Alden predicts the Federal Reserve will engage in gradual money printing, stimulating scarce assets like Bitcoin.
  • Market uncertainty grows as President Trump nominates a perceived hawk, Kevin Warsh, for Fed Chairman.
  • The probability of a March interest rate cut has fallen, according to CME Fedwatch data.
  • Current Chairman Jerome Powell’s term ends in May 2025, leaving future interest rate policy direction unclear.

Economist and Bitcoin advocate Lyn Alden forecasts a new era of gradual money printing by the Federal Reserve in her February newsletter, differing from expectations of a major stimulus. She bases this on the Fed’s plan to grow its balance sheet in line with nominal GDP or total bank assets, which she views as a form of ongoing currency debasement. Consequently, Alden advocates for owning high-quality scarce assets, rebalancing from euphoric sectors to under-owned ones.

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Market sentiment was further rattled by President Donald Trump‘s nomination of Kevin Warsh for Fed Chairman, perceived as more hawkish on interest rates. This adds to uncertainty about future monetary policy, directly impacting asset prices. Meanwhile, the likelihood of a near-term rate cut has diminished, with only 19.9% of traders expecting one in March.

Current Chairman Jerome Powell has offered mixed guidance, despite cutting rates multiple times in 2025. He recently stated, “In the near term, risks to inflation are tilted to the upside,” highlighting a challenging policy path. With Powell’s term ending in May 2025 and Warsh awaiting confirmation, the direction for 2026 remains highly uncertain for investors.

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