About this episode
Lyn Alden joins us to make sense of the “everything, everywhere, all at once” macro moment.A fourth-turning-style unwind of the long-term debt cycle, rising fiscal dominance, and a rare, headline-level clash over Fed independence—plus what a Kevin Warsh Fed might actually do under real-world constraints. We dig into the “gradual print” era, why gold is ripping, how a more multipolar monetary order could emerge (gold, bitcoin, and stablecoins in different roles), and what trade war dynamics mean for the dollar’s privilege. Lyn also explains why Bitcoin has lagged gold this cycle, how much the four-year crypto cycle still matters, the risks around treasury companies and quantum narratives, and how she’s thinking about portfolio construction in 2026.------?SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium------?POLYMARKET | #1 PREDICTION MARKEThttps://bankless.cc/polymarket-podcast?BRIX | EMERGING MARKET YIELDhttps://bankless.cc/brix?BITGET TRADFI | TRADE GOLD WITH USDThttps://bankless.cc/bitget?BANKLESS PREMIUM | AD-FREE & BONUS EPISODEShttps://bankless.cc/spotify-premium?THE DEFI REPORT | ONCHAIN INSIGHTShttps://bankless.cc/TDR-pro?ICO WATCH | UPCOMING PUBLIC TOKEN SALEShttps://bankless.cc/ico-watchch------TIMESTAMPS0:00 What’s Happening?6:23 The Fourth Turning13:59 Fed Independence30:40 New Fed Chair Kevin Warsh37:46 The Gradual Print42:16 Gold53:56 China vs US1:07:14 Bitcoin vs Gold1:12:37 Crypto 4-Year Cycles1:23:26 Proof-of-Work vs Proof-of-Stake1:28:12 Frontier Tech1:35:11 Lyn Alden’s 2026 Portfolio1:39:24 Cash Strategy1:41:30 Closing & Disclaimers------RESOURCESLyn Alden
