Episode Details
| Title | China Trade Deal Doesn't Change Where We're Headed | Luke Gromen |
|---|---|
| Date | 5/14/2025 |
| Podcast | Forward Guidance ↗ |
Key Insights
Bullish:
- 🟢 $BTC - Luke is bullish on Bitcoin, suggesting that the potential growth in stablecoins, as indicated by Bessent's comments, implies a significant increase in Bitcoin's market cap.
- “Bessent last week came out and said, hey. You know, digital assets could create $2T of demand for stablecoin or for securities, for, you know, T bills... The implications of that is if he thinks you can get $2T in stablecoins, right now you have $240B in stablecoins and a $2T Bitcoin market cap. So if he thinks he can get $2T in stablecoins... his math to me suggests that you're gonna need at least a 5 to 10X increase in the market cap of Bitcoin in order to drive the stablecoin sort of you know, keep that ratio the same.” - Luke (39:06)
- 🟢 $SPX - 🔒
- 🟢 $GLD - 🔒
- 🟢 $TBILL - 🔒
Bearish:
- 🔻 $USD - 🔒