Gold and Bitcoin: The Rollercoaster Ride You Didn't Sign Up For! 🎢💰

So, here we are, folks! Macro investor Luke Gromen has decided to grace us with his wisdom, claiming that gold and Bitcoin (BTC) are on a one-way ticket to the moon. 🚀 But hold your horses! There’s a catch, and it’s not just the price of avocado toast.

In a riveting interview on the Less Noise More Signal YouTube channel (because who doesn’t love a little irony?), Gromen warns that if the US decides to play the capital control card to keep its trade war alive, the dollar’s world reserve status might just take a nosedive. And guess where all that cash is headed? You guessed it—gold and Bitcoin! 💸

Now, capital controls are basically the government’s way of saying, “Hey, you can’t take your money and run!” It’s like a bad breakup where they keep your favorite records and your cash. Gromen, the mastermind behind the investment firm Forest For The Trees (FFTT), believes that gold and BTC will keep their bullish charm until the dollar gets weak enough to lure in some foreign direct investment. Talk about a romantic twist!

“The dollar’s reserve status will basically be relegated to gold at one point. Gold will be reserved, dollars will not be, because Europeans can’t have it, the Chinese don’t want it. It’s not like people are going to switch to European bonds or Chinese bonds or British bonds or Japanese bonds, there’s no one else there that can do it. So it’s going to go to gold, gold is going to go to the moon, which is probably actually in US interests in a number of different ways at this point.”

But until the dollar gets weak enough to really bring back foreign direct investment here, there’s a period of time, politically, where the people are going to be very unhappy because they’re going to come in every day, and stocks will be down until the dollar is weak enough…

“It’s very possible that, really, the Fed is forced to cut, the Treasury market breaks in five days, stocks go down for five days, and quite honestly, as I talk through it, that’s probably what’ll happen. We put those capital controls in, gold goes to the moon, Bitcoin goes to the moon, stocks tank, bonds tank, dollar tanks, five days later, bond market breaks, Fed comes in or Treasury comes in, and stocks go to the moon, gold and Bitcoin go to the moon even more.”

“Then it can work, and I think that’s actually probably where we’re headed.”

2025-05-25 15:03

Gold and Bitcoin: The Rollercoaster Ride You Didn’t Sign Up For! 🎢💰

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