Luke Gromen, a veteran macro investor, believes that both Bitcoin (BTC) and gold can benefit from the mounting fiscal issues in the US economy. Gromen believes that the Federal Reserve’s quantitative easing and other measures will create an environment where assets such as gold, oil, and BTC can thrive. He also believes that gold and BTC will do well due to their fixed supply and face value that can rise. Gromen also discussed the potential of the global economic alliance known as BRICS (Brazil, Russia, India, China and South Africa) launching a gold-backed currency, which could weaken the US dollar as the world’s reserve currency. He believes that the dollar will still be the global reserve currency, but the primary reserve assets will be gold and a floating price in all currencies. At the time of writing, Bitcoin is trading for $27,132.

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Information	Details
Geography	Global
Countries	🇧🇷 🇮🇳 🇨🇳 🇿🇦 🇺🇸
Sentiment	neutral
Relevance Score	8
People	John Maynard Keynes, Luke Gromen
Companies	John Maynard Keynes, Federal Reserve, Blockworks Macro YouTube channel, Bancor System, BRICS
Currencies	US Dollar, Gold, Ethereum, Bitcoin, Bancor Network
Securities	None