Global macro strategist Lyn Alden: Bitcoin demand is weak, but supply is tight

While Bitcoin (BTC-USD) has lost nearly half of its value from the mid-November peak, Global Macro Strategist Lyn Alden, on Tuesday said there is weak demand for bitcoin, but the tight coin supply remains a bullish factor, she told MicroStrategy (NASDAQ:MSTR) CEO Michael Saylor at the MicroStrategy World Event. Bitcoin (BTC-USD) "doesn't necessarily hedge you the moment you get different CPI prints, the founder of Lyn Alden Investment Strategy told Saylor. "It is basically a structural way of holding something that has intrinsic scarcity, compared to something that is instrinsically not scarce for which the yields are no longer keeping up with inflation," she added. Moreover, Alden noted that the current environment of historically low interest rates and surging inflation can persist throughout the rest of the decade. With currency depreciation taking hold, especially with regards to the U.S. dollar - the world reserve currency - investors may gain interest on