2 days ago
Investor Luke Gromen believes that the winds are shifting in the US, creating conditions that could boost Bitcoin ( BTC ) to price levels never seen before. In a new interview on the Julia La Roche Show, the macro guru says he has “very high conviction” that policymakers in the US will weaken the dollar this year in an effort to rebuild the country’s defense industrial base. Last month, Gromen said that the US realized it was facing a national security crisis after being defeated by Russia in Ukraine. The investor noted the Department of Defense is now willing to debase the dollar to revive America’s ability to manufacture armaments. Now, Gromen says he sees policymakers turning the money printers back on in a huge way to pay for the labor and materials required to revitalize the defense industry. “Ultimately, that goes right back to, ‘Hey, we need to stop XYZ components – China, Vietnam, Mexico, whatever. We’re going to bring it back here. We need to spend $100 million. We don’t have the labor.’ Who cares? Print it. ‘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 says he expects the newly printed dollars to find their way into Bitcoin and other risk assets. “They’re going to pay to get it done, and they’re not going to let the bond market yields rise to try to stop it. And so ultimately, that cash is going to flow into equities, into Bitcoin, into gold.” The macro guru says Bitcoin will emerge as the biggest winner should the government print more money. “The S&P will probably double, Bitcoin will probably be you know 5x, gold will probably be two, three, 4x.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Here’s the Catalyst That Could Ignite Bitcoin Explosion to $500,000, According to Macro Guru Luke Gromen appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Bitcoin BTC Crypto inflation luke gromen News
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Top-100 Solana-Based Memecoin Could Explode by Up to 840% From Current Level, Says Economist Henrik Zeberg
Economist Henrik Zeberg says that the Solana ( SOL )-based memecoin dogwifhat ( WIF ) is mirroring Bitcoin’s ( BTC ) setup from November. In a new post on the social media platform X to this 172,200 followers, Zeberg says WIF could leap to the $19 range. “Just before the large run of BTC in November we saw the same technical strength as we currently see in WIF – Positive Divergence in RSI – MACD about to Cross in a Bullish manner – RVGI moving higher All this while price has been pushing into a Descending Wedge – in larger wave 2. TRANSLATION: WIF is about to explode higher in larger wave 3 – in an extended move which may reach as high as 18-19 USD in this next move!” Source: Henrik Zeberg/X WIF is trading for $2.02 at time of writing, up 13% in the last 24 hours. A move to $19 would represent a percentage increase of approximately 840%. Yesterday, Zeberg said the crypto market is suddenly flashing bullish for altcoins while warning of worsening macro conditions. “We have had the first initial push in wave one of the BTC Dominance Index. Hardly noticeable! It will be in wave three (which starts now) that we really see the big push in altcoins. And it only ends after another three waves from here in wave three, wave four, wave five. When? We will have to see! Most importantly is to be on the right side of the trade.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Top-100 Solana-Based Memecoin Could Explode by Up to 840% From Current Level, Says Economist Henrik Zeberg appeared first on The Daily Hodl . The Daily Hodl
Bitcoin’s Positive Outlook for 2025 Ignites Enthusiasm
Alex Krüger forecasts an upward trend for Bitcoin in 2025. He highlights increased performance disparities among cryptocurrencies. Continue Reading: Bitcoin’s Positive Outlook for 2025 Ignites Enthusiasm The post Bitcoin’s Positive Outlook for 2025 Ignites Enthusiasm appeared first on COINTURK NEWS . The Daily Hodl
