Lyn Alden On Finding Bitcoin, Skepticism And Inclusion: ‘Money Is For Everyone’

Lyn Alden On Finding Bitcoin, Skepticism And Inclusion: ‘Money Is For Everyone’

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April 6, 2022 by Admin
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What advice would Lyn Alden give to those considering investing in Bitcoin? Lyn Alden On Finding Bitcoin, Skepticism And Inclusion: ‘Money Is For Everyone’ From banking the unbanked to providing a hedge against inflation, the use cases for Bitcoin and cryptocurrency often start with the same idea of everyone having access to financial inclusion. But
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What advice would Lyn Alden give to those considering investing in Bitcoin?

Lyn Alden On Finding Bitcoin, Skepticism And Inclusion: ‘Money Is For Everyone’

From banking the unbanked to providing a hedge against inflation, the use cases for Bitcoin and cryptocurrency often start with the same idea of everyone having access to financial inclusion. But Bitcoin is a decentralized asset, and not everyone may understand the complexities or be able to take advantage of its potential.

Lyn Alden Vulopas, a financial analyst and long-time Bitcoin enthusiast, believes that financial inclusion with this asset needs to be a priority. In a recent interview, Alden discussed her journey in finding Bitcoin, her thoughts on its skeptical community and her push for greater inclusion.

Alden started investing in cryptocurrency over five years ago. She started to recognize the potential of the asset for its properties of censorship resistance, store of value and decentralization and believed that it was a powerful tool for economic empowerment.

“My passion for thinking about cryptocurrency is that it’s a tool for anyone to access financial freedom – to hold their own money, to not need to use other people’s financial systems,” says Alden. “Money is for everyone, regardless of where they live or whatever their background. Cryptocurrency was an opportunity to make that more accessible and equitable.”

Alden acknowledges that there are still plenty of barriers. Bitcoin has a reputation as a volatile asset, which can be off-putting to some. The technical complexities of Bitcoin and the need for self-custody can also be a roadblock. But, she believes the crypto community can help create an easier on-ramp.

“We don’t have all the answers yet,” admits Alden. “But we have more accurate education, more reliable infrastructure and more user-friendly products than ever before. We all have a responsibility to help with this effort. Whether it’s through creating products, educating others or providing support, everyone has a part to play in driving cryptocurrency adoption forward.”

In order to foster an environment of inclusivity, Alden says the cryptocurrency community must embrace scepticism while also being open to new ideas. Instead of lashing out at those raising new ideas, she recommends that those conversations should remain thoughtful and nuanced.

“The key thing to remember is that there’s a need for constructive debate,” she explains. “We should be questioning, but with the goal of finding truth and understanding. We’re all on the same side – we all want cryptocurrency to succeed as a hedging asset and provide economic empowerment to people around the world. We have to remember that and keep our sights set on common objectives.”

Alden believes that the positive potential of Bitcoin and cryptocurrency should be at the forefront and that the asset can provide equal opportunities to everyone. She doesn’t see Bitcoin as a “badge of superiority”, rather, it is an asset that “more people should be informed about and able to access.”

“Cryptocurrency was never meant to be a select club – it was meant to be a digital democratizing force,” she says. “I think the best thing we can do is continue to educate, spread accurate information and fight for crypto’s place in this world so more people can access financial freedom.”