Luke Gromen states that extreme monetary expansion is necessary to restore Bitcoin to a bull market.

Bitcoiners' Perspective

Enthusiasts often claim that Bitcoin should prosper when the global financial system shows signs of instability.

Luke Gromen's Assessment

Luke Gromen noted that Bitcoin was not behaving as he expected, which led him to reduce a position he labeled “irresponsibly large.” He also pointed out Bitcoin’s relative weakness compared with gold.