Lyn Alden: Why ‘Utility’ Crypto Is A Mathematical Trap And Here's Why Bitcoin Is Different

The "Easy Money" era is over, but the "Gradual Print" has just begun. In this exclusive interview, Lyn Alden (Founder, Lyn Alden Investment Strategy) joins anchor Jeremy Szafron to break down the critical market signals that most investors are missing. While the S&P 500 hits record highs, the "S&P 493" is flatlining, revealing a "mirage economy" masked by AI speculation and fiscal deficits.Lyn reveals why the Federal Reserve quietly halted its balance sheet runoff (QT) on December 1st, 2025, and what this "forced pivot" means for the next phase of global liquidity. We also dive deep into her controversial new December letter, "Why Most Cryptocurrencies Won't Accrue Value," where she argues that "utility" in crypto is actually a trap for investors—and why Bitcoin stands alone as money.This discussion covers the disconnect between asset prices and economic reality, the rise of "Emerging Market Lite" dynamics in the U.S., and why sovereign wealth funds are accumulating Bitcoin despite recent price corrections.Recorded December 5 2025Special thanks to our sponsor, Swan Bitcoin, the real Bitcoin company, for making this coverage possible 👉 To learn more, get started at https://swan.com/kitcoDisclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.