Why Is Luke Gromen Pulling Back on Bitcoin Now? Luke Gromen still expects governments to rely on inflation and weaker currencies to deal with heavy debt loads. That core view has not changed. What has shifted is his near-term view on Bitcoin. In recent comments, he said Bitcoin looks fragile enough that a move toward the $40,000 area in 2026 is possible. Gromen framed Bitcoin as a position that can be reduced when conditions deteriorate, rather than a holding that must always be kept at full size. In his view, gold and parts of the equity market are currently reflecting the debasement theme more cleanly than Bitcoin. ... (full story)