Macro investor Luke Gromen says that gold and Bitcoin ( BTC ) will likely trend upwards until a critical turning point. In a new interview on the Less Noise More Signal YouTube channel, Gromen says if the US brings in capital controls as a way to sustain its trade war, the dollar’s world reserve status could be severely weakened, pushing capital into gold and Bitcoin. Capital controls refer to the measures taken by a government to regulate the flow of money in and out of the country’s financial system to prevent capital flight amid economic uncertainty. Gromen, founder of the investment firm Forest For The Trees (FFTT), says gold and BTC will stay bullish until the dollar gets weak enough to finally attract foreign direct investment. “The dollar’s reserve status will basically be relegated to gold at one point. Gold will be reserved, dollars will not be, because Europeans can’t have it, the Chinese don’t want it. It’s not like people are going to switch to European bonds or Chinese bonds or British bonds or Japanese bonds, there’s no one else there that can do it. So it’s going to go to gold, gold is going to go to the moon, which is probably actually in US interests in a number of different ways at this point. But until the dollar gets weak enough to really bring back foreign direct investment here, there’s a period of time, politically, where the people are going to be very unhappy because they’re going to come in every day, and stocks will be down until the dollar is weak enough… It’s very possible that, really, the Fed is forced to cut, the Treasury market breaks in five days, stocks go down for five days, and quite honestly, as I talk through it, that’s probably what’ll happen. We put those capital controls in, gold goes to the moon, Bitcoin goes to the moon, stocks tank, bonds tank, dollar tanks, five days later, bond market breaks, Fed comes in or Treasury comes in, and stocks go to the moon, gold and Bitcoin go to the moon even more. Then it can work, and I think that’s actually probably where we’re headed.” 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: DALLE-3 The post Gold and Bitcoin Likely Going to the Moon Until This Happens, According to Investor Luke Gromen appeared first on The Daily Hodl .
