Investor Luke Gromen believes that the tide is changing in the US and conditions are emerging that could push Bitcoin (BTC) to unprecedented price levels.
In a new interview on the Julia La Roche Show, the macro guru says he is “very convinced” that U.S. policymakers will weaken the dollar this year to rebuild the country’s defense industrial base.
Last month, Gromen said that after losing to Russia in Ukraine, the U.S. realized it was facing a national security crisis. The investor noted that the Defense Department is now ready to devalue the dollar to revive America’s defense production capability.
Gromen now sees policymakers turning on large-scale money printing to finance the labor and materials needed to revitalize the defense industry.
“Ultimately that means, ‘Hey, we need to stop XYZ components – China, Vietnam, Mexico, whatever.’ We’ll bring it back here. We have to spend $100 million. We don’t have the manpower.’
Who cares? Print it out.
“The contractions will increase.”
We don’t care, we have a printing press. Print it out.
“Well, we’re missing the…
