Luke Gromen, a well-known voice in macroeconomic circles, is floating an idea that could ripple through global markets: if gold returns to prominence as a settlement asset, Bitcoin may quietly follow its lead.
His argument stems from a broader economic strategy being pursued in Washington. The push to rebuild domestic industry, Gromen suggests, runs into a major obstacle—the current system of exporting dollars and Treasuries to balance global trade. In his view, if the U.S. is serious about making things at home again, that system will have to be dismantled or at least reworked.
That’s where gold re-enters the picture. Gromen envisions a shift away from Treasuries toward a neutral asset like gold to settle international obligations. Such a pivot wouldn’t just reshape global finance—it might also shake up the status of the dollar.
He points to a curious omission from former President Trump’s sweeping trade tariffs: gold was left untouched, a decision Gromen believes wasn’t accidental. If capital is subtly being steered toward gold, that could be the first sign of a changing tide.
This shift, while subtle, could open the door for Bitcoin. If gold begins to take on a larger role in global finance, investors might see parallels in Bitcoin’s decentralized structure and limited supply—qualities that make it an appealing hedge against fiat erosion.
Gromen frames this as a potential workaround to the Triffin Dilemma—a decades-old tension where the U.S. must flood the world with dollars to support trade while trying to preserve the currency’s long-term value. Replacing Treasuries with hard assets like gold, or even Bitcoin over time, could help solve that contradiction.
While speculative, the idea raises an intriguing possibility: gold’s resurgence in international finance might not just revive old monetary systems—it could also legitimize Bitcoin in a way that few expected.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/could-golds-comeback-pave-the-way-for-a-bitcoin-boom/