Lyn Alden says most financial advisors are “followers, not leaders”… but that means they’ll pile into Bitcoin as soon as BlackRock and Fidelity’s ETFs give the asset the green light. Find out more about the TradFi influencer who jumped on board the Bitcoin train, predicted the implosion of Terra-Luna and explained why FTX’s “clown bucks” were such a dangerous idea.
Lyn Alden tells Magazine she had a suspicion that LUNA was lunacy but didn’t expect it to explode so quickly after warning her followers about it.
“Luna was out in the open. It had clear characteristics of a Ponzi scheme, and it was at risk. So I wrote about that, and it got a little bit of attention,” Alden declares.
Alden’s 652,500 followers probably felt like she had some sort of crystal ball, given how fast things went downhill after her heads-up.
“I didn’t expect it to blow up in a month or two, but things tend to be nonlinear,” she says.
If Luna has a similar price decline to Fantom or some of these other hard-hit cryptos, the UST peg would be at risk.
If the UST peg becomes at risk, the LFG would be selling bitcoin reserves into an already soft market. That type of event could mark a cycle capitulation. pic.twitter.com/lUhr0AC7g8
— Lyn Alden (@LynAldenContact) May 1, 2022
Alden is the mastermind behind Lyn Alden Investment Strategy – a website dishing out investment research for everyone from everyday Joes to big shots. She comes across as very confident, but when it came to dipping her toes into Bitcoin, she had some reservations at first:
“I thought the topic was neat and I was like maybe I should use my computer to mine a little bit. But I was always like, ‘I’ll figure it out next week’ and I never got around to it.”
That was in 2010, when Bitcoin hit had hit a then-high of $0.39. Mining a few might have been a pretty good idea, hey?
She kept following the subject, watching Bitcoin have a big price pump in 2014 and another one in 2017 when she penned her…
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