Macro analyst Luke Gromen has expressed a bearish outlook for Bitcoin in the short term, citing several factors in a recent podcast. Gromen pointed to Bitcoin's correlation with tech stocks, which are currently facing challenges due to AI energy constraints. He also noted Bitcoin's inability to outperform gold, raising concerns about its competitive edge. Additionally, Gromen highlighted potential risks from quantum computing within the next 2 to 9 years, which could impact Bitcoin's security. Furthermore, he observed that Tether is increasing its gold holdings rather than Bitcoin, suggesting a shift in asset preference.
Macro Analyst Luke Gromen Predicts Short-Term Bitcoin Downturn
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