As the Federal Reserve (Fed) continues to deliberate on when to commence interest rate cuts, macro analyst and investor Luke Gromen points out that liquidity is increasingly moving towards Bitcoin, gold, and stocks.

In an interview with digital media outlet Kitco News, Gromen argued that US bonds are no longer seen as a safe haven asset:

“If you do something the US disapproves of, they can seize your assets. They did this to Russia, and they can do the same with your bonds. Trust in this regard has diminished.”

Gromen further explained that many countries will gradually start offloading their bonds:

“The $130 trillion bond market is going to be the loser at the table. Investors are shifting towards assets with inherent value. These assets, in my view, include $65 trillion in stocks, $14 trillion in gold, and $1.4 trillion in Bitcoin. The bond sell-off will reach a point where it causes a crisis. The US Treasury will have to print more money, ultimately benefiting Bitcoin, gold, and stocks.”

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