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In this seventh installment of the Why Bitcoin Now series, Meltem Demirors, the chief strategy officer at Coinshares, and Lyn Alden, the founder of Lyn Alden Investment Strategy, discuss the state of Bitcoin since June, amidst the presidential election \u2013 which takes place on the date of publication of the show -- and a global pandemic. Topics discussed include:\n the significance of bitcoin staying above $10k for over three months\n why the pandemic has created the conditions for which Bitcoin was designed\n how the markets may react to a Trump or Biden win\n why they believe, no matter which party wins, there will be massive deficits and a money-printing debt spiral\n why other countries see opportunities to erode the supremacy of the US dollar\n why Bitcoin has shown that it\u2019s possible to have money without state\n how the current record unemployment and massive stimulus efforts during the pandemic have impacted Bitcoin\n the increasing interest in Bitcoin from traditional investors\n the IMF\u2019s recent call for a \u201cNew Bretton Woods moment\u201d\xa0 and how it may impact crypto\n China\u2019s DCEP central bank digital currency and the effects it may have on increasing China\u2019s trade leverage\n why the pandemic has made clear the importance of bringing more Bitcoin mining onshore\n whether or not Bitcoin will be able to remedy growing wealth inequality\n why privacy/encryption will be the main issue Bitcoiners need to watch from the coming administration\n \xa0\n Thank you to our sponsors!\xa0\n Crypto.com: https://www.crypto.com\n \xa0\n Episode links:\xa0\n Lyn Alden: https://twitter.com/LynAldenContact\n Lyn Alden Investment Strategy: lynalden.com\n Meltem Demirors: https://twitter.com/Melt_Dem\n Coinshares: https://www.coinshares.com/\n \xa0\n Lyn\u2019s post on how the economy and stock market perform under Democratic vs. Republican presidents: https://www.lynalden.com/presidential-elections/\n \xa0\n US stimulus spending: https://datalab.usaspending.gov/federal-covid-funding/#section-tracking\n \xa0\n IMF New Bretton Woods speech: https://www.imf.org/en/News/Articles/2020/10/15/sp101520-a-new-bretton-woods-moment\n \xa0\n Stocks in a bubble: https://www.longtermtrends.net/sp500-price-earnings-shiller-pe-ratio/\n \xa0\n Meltem on the financialization of internet infrastructure: https://medium.com/coinshares/the-financialization-of-compute-connectivity-66beaffe7501\n \xa0\n BitOoda report on Bitcoin mining: https://bitooda.medium.com/bitcoin-mining-hashrate-and-power-analysis-bitooda-research-ebc25f5650bf\n \xa0\n Bloomberg wealth report: https://www.bloomberg.com/news/articles/2020-10-08/top-50-richest-people-in-the-us-are-worth-as-much-as-poorest-165-million\n \xa0\n Cash app\u2019s Bitcoin sales: https://www.theblockcrypto.com/linked/74001/square-q2-bitcoin-cash-app\n \xa0\n JPMorgan research note on Bitcoin: https://fortune.com/2020/10/26/jp-morgan-chase-bitcoin-predictions-analyst-jpm-cryptocurrency/\n https://twitter.com/DTAPCAP/status/1319703750450302980?s=20\n Forbes interview with Daniel Masters of Coinshares: https://www.forbes.com/sites/michaeldelcastillo/2020/10/24/jp-morgan-veteran-daniel-masters-explains-how-blockchain-will-end-commercial-banks/#77ec4f6a6bdd\nLearn more about your ad choices. Visit megaphone.fm/adchoices