Coin Stories Luke Gromen: Bitcoin as "The New Oil," Trump's Tariffs, and the Death of the Dollar-Centric System
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Dec 3, 2024 
Luke Gromen, an investor and macro analyst, shares his provocative views on the future of the economy and the role of Bitcoin. He predicts significant market shifts in the next year and discusses how Trump's policies could reshape the U.S. economy. Gromen also explores the implications of a strengthening dollar as a hidden threat and likens Bitcoin to 'the new oil'—a vital asset in this evolving landscape. He speculates on Bitcoin's potential as a strategic military asset and its skyrocketing prospects amidst global economic changes.
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Economy in Holding Pattern
- The US economy is in a holding pattern until Trump's inauguration, as he cannot implement policies yet.
- Post-inauguration, disruptive policies could create volatility, especially in the first six months of 2025.
Bifurcated Economy
- The current US economy is bifurcated, benefiting asset holders while those with debt struggle.
- Trump needs to lower the dollar or US debt to avoid a crisis if he implements disruptive policies.
Strengthening Dollar
- A strengthening dollar negatively impacts risk-on assets and the global economy.
- Foreigners borrow in dollars, and a rising dollar increases their debt burden and energy costs, leading to selling of US assets like stocks and bonds.