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.

Here’s the Catalyst That Could Ignite Bitcoin Explosion to $500,000, According to Macro Guru Luke Gromen

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 . BitcoinSistemi

---

Here’s how much Andrew Tate’s crypto crashed in 2024

Despite once promising never to ‘scam’ his followers by promoting digital assets, the belligerent influencer Andrew Tate , who has become increasingly known for his troubles with Romanian law enforcement, has been active in certain segments of the cryptocurrency community in 2024. Of the many projects he helped advertise – many of which he is accused of swiftly abandoning – he is most associated with an ill-fated meme coin called Daddy Tate (DADDY). Though DADDY had several periods in 2024 – most notably in July and October – when it performed admirably, it is, nonetheless, substantially down this year. DADDY meme coin performance in 2024 Specifically, on June 14, 2024, the earliest date available in the chart retrieved on December 31 from CoinMarketCap by FInbold, Daddy Tate was changing hands at $0.2407. From there, it waxed and waned on multiple occasions and even recovered near its initial highs on July 5 – to $0.2239 – and on October 15 – to $0.1814 – but its trajectory was generally downward with a series of lower highs. Finally, at the time DADDY data was retrieved, the meme coin was priced at $0.06032 – 74.48% below its original valuation. Such a plunge means that those investors who jumped at the opportunity to back Andrew Tate’s cryptocurrency project with $1,000 would have lost $750 and have $250 left. DADDY all-time price chart. Source: CoinMarketCap Why DADDY price might never recover While starting high and rushing to meet the ground is nothing strange for meme coins and other altcoins, there is a particular note of drama to the collapse of Daddy Tate. The worst and most decisive of its downturns – at least to date – can be traced back to a scathing video published by the prominent online sleuth and Youtuber Stephen Findeisen, better known as Coffeezilla. In the video, Findeisen claims to have investigated Andrew Tate’s involvement with cryptocurrencies and argues that, essentially, all of these interactions amount to little more than ‘pump and dump’ schemes . Though the late October video was more of an overview of the allegations than an in-depth analysis of alleged shady behavior, investors apparently took note as it led to DADDY crashing approximately 40% by early November. The post Here’s how much Andrew Tate’s crypto crashed in 2024 appeared first on Finbold . BitcoinSistemi