Investor Luke Gromen believes significant changes are happening in the US that might pave the way for Bitcoin (BTC) to soar to unprecedented heights. In a compelling interview on the Julia La Roche Show, Gromen expressed his strong conviction that this year, US policymakers are likely to deliberately weaken the dollar to bolster the nation’s defense industrial base.
Reflecting on recent events, Gromen pointed out that the US has recognized a national security crisis after its setbacks in Ukraine against Russia. He indicated that the Department of Defense is prepared to debase the dollar to enhance America’s manufacturing capabilities in defense equipment.
Gromen suggests that we may soon see US policymakers turn the money printers back on at a massive scale to fund the necessary labor and materials for revitalizing the defense sector. He painted a vivid picture: “Ultimately, that goes right back to, ‘Hey, we need to stop sourcing from XYZ components – China, Vietnam, Mexico. We’re bringing it back here. We need to spend $100 million. We don’t have the labor.’ Who cares? Print it.”
He continues, stating, “The labor’s going to go up. We don’t care, we have a printing press. Print it. ‘Well, we’re short the steel.’ Don’t care, print it. They’ll just print the money.”
Gromen anticipates that this influx of newly minted dollars will directly funnel into Bitcoin and other risk assets. “They’re going to pay to get it done, and they’re not going to let bond market yields rise to try to stop it. So ultimately, that cash is going to flow into equities, into Bitcoin, into gold.”
He predicts that, should the government increase the money supply, Bitcoin will likely emerge as the major beneficiary. “The S&P will probably double, Bitcoin will probably be about 5x, gold will probably see increases of two, three, or even 4x.”
For investors keeping a watchful eye on market trends, Gromen’s insights present a compelling case for the potential upward trajectory of Bitcoin as a response to fiscal decisions. With fervent changes projected, the excitement around Bitcoin continues to build, sparking curiosity and intrigue in the investment community.
