Macro investor Lyn Alden sees transformative potential in Bitcoin BTC/USD with the emergence of open source projects such as Fedimint and the Nostr communication protocol.

What happened: During an appearance on the Bitcoin podcast, Alden expressed her optimism about technologies built on top of Bitcoin.

“Technology can change what is available to us and where energy sources are located,” she explained, stressing that Bitcoin has finally bridged the gap between fast transactions and slow settlements.

By enabling money that is not based on credit accounts, Bitcoin is changing power structures, she stressed. “It gives people, wherever they are, as long as they have a connection to the rest of the world, the opportunity to choose money that is different from what their environment offers them.”

Alden also briefly touched on the role of central banks and monetary policy, citing the ongoing tensions between traditional financial systems and the emerging crypto ecosystem. While she did not elaborate on specific predictions, her comments suggested that she continues to believe in Bitcoin’s role as a hedge against currency instability.

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Alden is particularly excited about Fedimint, an open-source project that combines Bitcoin, the Lightning Network, and federated e-cash. As an investor through Ego Death Capital, Alden sees Fedimint as a powerful tool that will help communities work more efficiently and productively.

The privacy-friendly nature of Fedimint’s e-cash implementation is a key feature that Alden said will become increasingly important. “From privacy being normal, surveillance is now normal,” she noted. “Some of these technologies can make privacy normal again.”

In addition to Fedimint, Alden is excited about Nostr, an open protocol for censorship-resistant global communications. She sees Nostr and Bitcoin as symbiotic ecosystems, with Nostr serving as an excellent payment discovery tool for Bitcoin wallets.

“Nostr is not as bulletproof as Bitcoin, but there are this set of relays out there and all these clients connecting to relays,” she pointed out. “We have this kind of data availability matrix out there that makes Bitcoin better, and then Nostr is better because Bitcoin exists.”

Looking to the future, Alden is optimistic that these open source technologies will have the potential to reshape social interactions and financial systems.

What’s next: Bitcoin’s impact as an institutional asset class is expected to be examined in detail at Benzinga’s upcoming Future of Digital Assets event on November 19.

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