BTC215: Global Macro and Bitcoin Q1 2025 w/ Luke Gromen (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 1 January 2025

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Luke Gromen unpacks the dynamics of stablecoins and T-bills, Bitcoin’s role as a fiscal policy marker, and the implications of yield curve control. We delve into U.S. dollar devaluation, global liquidity in 2025, and the interplay of tariff threats and international Bitcoin reserves. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:10 - Why total federal receipts over 18% of GDP have historically led to recessions. 11:25 - The connection between stablecoins and T-bill demand, and its influence on Bitcoin adoption. 21:58 - How the Bank of England’s yield curve control impacts Bitcoin’s bullish potential. 23:42 - Luke’s argument for early U.S. dollar devaluation to manage debt-to-GDP ratios. 24:46 - Luke’s perspective on global liquidity trends for 2025. 26:11 - The role of Bitcoin as a marker of U.S. fiscal policy failures. 28:29 - How tariff negotiations could push nations to adopt Bitcoin reserves. 29:35 - Developments in China, Canada, and France, and their potential effects on global finance. 34:26 - Steps for transitioning to a Bitcoin standard in global credit systems. 50:42 - Luke’s strategic approach if advising the U.S. government on managing deficits. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Luke’s X Account. Luke’s FFTT Newsletter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.8	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals podcast.
0:06.7	On today's show, we have back one of the smartest macro thinkers on the planet with
0:10.6	Mr. Luke Roman.
0:11.9	During our conversation, we talk about many of the expected policy changes and what that
0:16.3	might mean for global liquidity in 2025.
0:19.2	We talk about the impact of the potentially stronger dollar and what that means for risk on assets
0:24.3	and how much stronger and how much more it can strengthen from here.
0:27.8	We talk about tariff threats and of course we talk about the potential for the Bitcoin
0:31.6	Strategic Reserve amongst many other topics.
0:34.4	So there's a lot going on here, but sit back, get ready, and I hope you guys
0:38.5	have fun with this banger from the one and only, Mr. Luke Roman.
0:45.7	Celebrating 10 years, you are listening to Bitcoin Fundamentals by the Investors Podcast Network.
0:52.2	Now for your host, Preston Pish.
1:03.6	Hey everyone. Welcome to the Investors podcast. Luke, welcome back to the show.
1:08.3	Great to be here. Nice to talk with you again, my friend. Always a pleasure, Luke. This is where I want to start off. So, as everybody knows, I'm an
1:14.9	avid reader of your newsletter. And recently you had a comment talking about this 18% when we've had
1:22.2	the federal debt receipts, when they get 18% of the GDP, we've always gotten a recession, always gotten a recession.
1:29.5	And let me pull up a post here because you are, let me pull up your actual article here,
1:34.7	because I think that when people see this, it's kind of crazy the chart that was posted.
1:39.4	And this was Tom McClellan that posted this chart.
1:42.4	And I guess my question is how people wrap their head around
	...

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