Bitcoin Is 'Gold With A Leverage,' Says Expert Who Sees US Government In Big Trouble Over Debt Burden
Portfolio Pulse from Khyathi Dalal
Luke Gromen, founder of Forest For The Trees, warns of a breakdown in the U.S. dollar-centric monetary system, suggesting that gold and Bitcoin are well-positioned assets. He predicts aggressive interest rate cuts by the Federal Reserve and sees Bitcoin as 'gold with leverage.'
September 24, 2024 | 2:14 pm
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Luke Gromen sees Bitcoin as a well-positioned asset amid U.S. fiscal challenges, likening it to 'gold with leverage.' He predicts aggressive Fed rate cuts and inflation, which could boost Bitcoin's appeal.
Gromen's analysis suggests Bitcoin will benefit from the U.S. needing negative real interest rates to manage debt, making it attractive as a leveraged alternative to gold. This could drive demand and price upward.
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