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The Daily Hodl 2025-04-14 20:00:52

Macro Guru Luke Gromen Sees Bitcoin Benefiting From Gold Ascending As New Settlement Asset

Investor Luke Gromen says that Bitcoin ( BTC ) may catch a boost from gold if the precious metal usurps US Treasuries to become the preferred settlement asset. In a new video update, Gromen says that if the White House truly wants to reshore American manufacturing as stated , the US will have to learn to stop or at least slow down the exporting of the dollar and Treasuries. To achieve the current administration’s goal, the macro guru says the White House could allow gold to become the primary settlement asset instead of the dollar or Treasuries. A settlement asset is a financial instrument used by central banks and governments to settle a trade or monetary obligation. Gromen also says that if gold becomes the new settlement asset, investors might start to see Bitcoin as a reliable alternative. Explains Gromen, “We can export Treasuries and financial assets, or we can make stuff, but if we want to make stuff, that’s the end of the post-1971 US dollar reserve status structure. And it’s an underappreciated point. The way you get around it is you shift the settlement asset away from Treasuries to a neutral reserve asset like gold. I think that process has been started. I thought it was extraordinarily interesting and potentially important that Trump did not put tariffs on gold. He put tariffs on everything else in the world, including an island full of penguins, apparently, but not gold, which tells me that’s where we want capital to go, and that’ll weaken the dollar which, guess what, if gold goes up a bunch, it’ll strengthen the dollar system because it’l be more gold-backed and you’re going to weaken the dollar. That’s how you split the baby around Triffin’s Dilemma and a neutral reserve asset. I think Bitcoin probably benefits over time from that, too.” The Triffin’s Dilemma is a concept established by economist Robert Triffin that notes a paradox between the need of the United States to run trade deficits to supply the world with enough USD, while keeping inflation and confidence in the currency at reasonable levels. At time if writing, Bitcoin is trading for $84,603. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action 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 Macro Guru Luke Gromen Sees Bitcoin Benefiting From Gold Ascending As New Settlement Asset appeared first on The Daily Hodl .

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