Lyn Alden Backs Bitcoin Over Gold Through 2029

Macroeconomist Lyn Alden said she would bet on Bitcoin over gold for the next two to three years.

Alden made the prediction during a Wednesday appearance on the New Era Finance podcast, pointing to what she called a pendulum swing between the two assets. Gold reached an all-time high near ₱329,490 ($5,608) in January, while Bitcoin trades at ₱4,181,135 ($71,164) after falling 44% from its October peak. She described gold sentiment as somewhat euphoric while calling Bitcoin sentiment unfairly negative.

The sentiment gap shows up in the numbers. JM Bullion's gold Fear and Greed Index scored 72 out of 100 on Friday. The Crypto Fear and Greed Index hit 18 the same day, marking extreme fear territory.

Lyn Alden Investment Strategy founder Lyn Alden, who worked as head engineer at the Federal Aviation Administration's Cockpit Simulation Facility, has long positioned Bitcoin as a hedge against monetary debasement. She joined Bakkt's board in 2025 and sits as a general partner at Ego Death Capital, a venture firm focused on financial technologies. Her 2023 book Broken Money analyzed currency evolution from gold to Bitcoin through engineering and technology lenses.

Billionaire investor Ray Dalio warned against Bitcoin on Tuesday, calling gold the most established money and second-largest reserve asset held by central banks. He cited Bitcoin's lack of central bank support and privacy limitations as key concerns. Coinbase CEO Brian Armstrong took the opposite view, predicting Bitcoin will reach ₱58.75 million ($1 million) by 2030 with clearer U.S. regulations.

Alden acknowledged the two assets can move together or apart, saying she tries to avoid reading too much into absolute outcomes. CryptoQuant CEO Ki Young Ju noted in October 2025 that Bitcoin's correlation with gold is increasing as both strengthen reputations as hedges against macroeconomic uncertainty.