Investment strategist Luke Gromen has recently identified a pivotal moment that could boost the bullishness of both Bitcoin and gold. According to a report by The Daily Hodl, Gromen believes that the current economic environment is ripe for a significant shift in the global monetary system, which could lead to a surge in demand for alternative assets like Bitcoin and gold.
Gromen is the founder of Forest for the Trees, an investment research firm that specializes in macroeconomic analysis. He has been closely monitoring the global economic landscape and believes that the current system is unsustainable. In a recent interview with Real Vision, Gromen explained that the world is facing a “monetary reset” that will require a new global monetary system to be put in place.
Gromen believes that this reset will be triggered by a number of factors, including the ongoing trade war between the US and China, the rising tensions in the Middle East, and the growing debt levels of many countries around the world. He argues that these factors are all contributing to a growing sense of instability in the global economy, which is driving investors towards alternative assets like Bitcoin and gold.
One of the key reasons why Gromen is bullish on Bitcoin and gold is because he believes that they offer a hedge against inflation. As central banks around the world continue to print money and keep interest rates low, Gromen argues that inflation is likely to rise. This could lead to a surge in demand for assets that are seen as inflation-resistant, such as Bitcoin and gold.
Another factor that Gromen believes will boost the bullishness of Bitcoin and gold is the growing adoption of digital currencies. As more people become familiar with cryptocurrencies and blockchain technology, Gromen argues that Bitcoin will become increasingly mainstream. This could lead to a surge in demand for Bitcoin as a store of value and a medium of exchange.
Overall, Gromen’s analysis suggests that we are at a pivotal moment in the global economy. As the world faces a monetary reset, investors are likely to turn towards alternative assets like Bitcoin and gold. While there are certainly risks associated with investing in these assets, Gromen believes that they offer a unique opportunity for investors to protect their wealth and potentially profit from the changing economic landscape.
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