Understanding those not that well-known historical data points and overlaying all of that with Trump's comments and the TBAC and Paul Ryan.
BITCOIN IS THE NEW OIL | Luke Gromen (THE Bitcoin Podcast)
“Now we've strengthened the dollar system. We've weakened the dollar. We've made American industry more competitive. We've driven inflation and nominal growth. And we have provided the world a neutral reserve asset that is now big enough to recycle their dollar surpluses into where they stop buying all of our stuff.”
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1 Understanding those not that well-known historical data points and overlaying all of that with Trump's comments and the TBAC and Paul Ryan.
2 To me, it increased the possibility that that's what they're talking about.
4 Let's say Bitcoin goes up 400% six months, just like oil did from April 73 to or October 73 to April 74.
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To me, it increased the possibility that that's what they're talking about.
Let's just let Bitcoin go. Let it go.
Let's say Bitcoin goes up 400% six months, just like oil did from April 73 to or October 73 to April 74.
Oh, by the way, undercover of a brief mid-east war. What's going to happen? Bitcoin goes up 4x, 5x over a six-month period of time.
That stablecoin number is going to go up a ton.
Dollar's going to go down. The dollar system's going to be stronger. The whole Chinese recycling, you know, we want a divorce from China.
We don't want too much Chinese ownership of American industry, just like we didn't want too much Arab ownership of American industry in 1974.
Show notes & resources
“Now we've strengthened the dollar system. We've weakened the dollar. We've made American industry more competitive. We've driven inflation and nominal growth. And we have provided the world a neutral reserve asset that is now big enough to recycle their dollar surpluses into where they stop buying all of our stuff.”
On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker talks with Luke Gromen, Founder & President of Forest for the Trees (FFTT). We dig into a bunch of topics today including the general macro landscape, whether anything stops this train, geopolitical game theory, strategic bitcoin reserves, Trump’s potential policy moves, dollar strength and weakness, what to expect in the coming year and a whole lot more.
LUKE’S LINKS:
X: https://x.com/LukeGromen
Web: https://fftt-llc.com
THE Bitcoin Podcast Partners:
http://bitbox.swiss/walker --
