Investor Luke Gromen Explains Why Bitcoin Needs Significant Increase in Value if the US Adopts BTC as Reserve Asset
Luke Gromen, a seasoned macro investor, has expressed the belief that either Bitcoin or gold will experience a significant surge in value if the United States decides to use them as reserve assets. According to Gromen, the US is currently facing a “resource curse” in which it produces the dollar, its native commodity, at a larger scale and lower cost than any other nation, resulting in the financialization of its economy while other sectors shrink. Gromen argues that this situation poses a national security risk and can be remedied by replacing Treasuries with a neutral reserve asset like gold or Bitcoin. Such a shift would create a high demand for these assets to settle deficits, thereby driving up their prices in dollar terms. It is important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments.