In a recent analysis, Lyn Alden discusses Bitcoin's evolution from a niche experiment to a significant asset for international transfers.
Bitcoin's Adoption Path
Alden notes that many argue Bitcoin can't serve as a medium of exchange due to its limited retail use. She emphasizes that the primary role is Bitcoin's use as a store of value.
Bitcoin in International Transfers
Alden believes Bitcoin outperforms most national currencies in terms of cross-border salability. In her view, it ranks among the top ten global bearer assets for international value transfer, achieving significant success just 16 years after its launch.
The Future of Bitcoin and Stablecoins
According to her, Bitcoin's growth is part of a long process: "Bitcoin isn’t going to become ubiquitous money overnight. First, people hold it. Later, they may choose to spend it."
Alden also stresses that holding Bitcoin is, in itself, a form of monetary use, providing the ability to move wealth globally without a credit intermediary.
Currently, stablecoins may dominate short-term crypto payments, but Alden sees Bitcoin steadily expanding its role as a durable, apolitical store of value—and perhaps much more in the future.
