CandleFocus Gold and Bitcoin ‘Very Well Positioned’ for Rallies Amid Worsening US Fiscal Predicament: Macro Guru Luke Gromen
2024-09-23
Author: Content Editor
Macro investor Luke Gromen believes that both gold and Bitcoin are well-positioned to benefit from the declining fiscal situation of the US government. Gromen explains that the US government needs negative real rates to maintain its budget, and historically, this scenario has been bullish for gold, making it a good setup for Bitcoin as well. He suggests that the US government's inability to afford positive real rates will lead to the end of the current trend, which will be beneficial for gold and Bitcoin.
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