Home
News
Details

Macro Analyst Luke Gromen Forecasts Bitcoin Bear Market Amid Deflationary Pressures

icon币界网
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$87,755.30-0.67%
Bitcoin news broke as macro analyst Luke Gromen warned of a bear market driven by deflation from AI and robotics. He said tightening monetary policy can’t offset this without massive money printing. U.S. tech struggles and supply chain issues also weigh on Bitcoin. While bearish short-term, Gromen still sees long-term upside if governments print more. Traders are also eyeing altcoins to watch amid shifting market dynamics.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.