In this episode of The Daniela Cambone Show, Daniela interviews Luke Gromen, founder and president of Forest for the Trees, about the future of the dollar's reserve status, gold, and Bitcoin. Luke argues that while the dollar will remain dominant in usage, its reserve status is weakening as central banks shift towards gold. He suggests that a trade war with China could lead to U.S. capital controls, potentially weakening the dollar and pushing capital into gold and Bitcoin. Luke also discusses the likelihood of a recession, the unsustainability of the U.S. debt trajectory, and the factors driving central banks' interest in gold, and touches on the potential for central banks to own Bitcoin. He believes gold could double or quadruple from its current price, and reflects on his Tucker Carlson interview, noting increased awareness of the U.S. fiscal situation.
