Is the Bitcoin bull market coming to an end? Macro expert Luke Gromen suddenly turns bearish, with reasons that hit the nail on the head!
Oh dear, the crypto world is going to be a headache again! On December 20, Luke Gromen, founder of Forest for the Trees and macroeconomic analyst, dropped a bombshell on the podcast "The Monetary Matters Network."
This guy is a die-hard fan of Bitcoin, having made large purchases below $30,000 from the end of 2022 to the beginning of 2023, and hasn't sold a single coin since.
But now? He's actually turned to a short-term bearish outlook on Bitcoin! This sudden shift makes one wonder: Bro, what are you thinking? Luke Gromen doesn't just talk casually; he has a well-reasoned analysis, starting with the "twin brother" relationship between Bitcoin and tech stocks.
You know that Bitcoin's rise and fall often follows the tech stocks on NASDAQ. But he points out a key issue: the bottleneck in the future AI war isn't chips, but electricity! Semiconductors might be fine, but if there's a power shortage, the entire tech sector will be shaken.
So what’s the result? Bitcoin, this "digital gold," is also suffering, and the trend doesn't look optimistic. Just think about it, AI is booming, but if there's not enough electricity, won't everything just go cold?
The second reason is even harsher, directly targeting Bitcoin's core status. He observed that Bitcoin has yet to truly outperform gold. Gold remains stable, while Bitcoin is still spinning in place. Even worse, the future liquidity environment is super awkward: either there will be "nuclear-level money printing" or a strict tightening policy.
Without money entering the market, how can crypto prices soar? When Luke Gromen says this, many bulls are likely to clutch their hearts. Finally, he throws out a sci-fi level threat: quantum computing! This could become Bitcoin's nightmare within 2 to 9 years.
Once quantum computers are in play, breaking encryption algorithms won't be a dream, and then Bitcoin's security myth will collapse. It sounds like a movie plot, but Luke Gromen is quite serious; this is no joke. Oh, by the way, he also specifically mentioned Tether as a "barometer."
Tether has been quite active lately, investing in AI and gold, and their balance sheet shows that their gold holdings are actually larger than Bitcoin! What does this mean? Everyone, let's talk about #加密市场观察 in the comments.