Bitcoin and Gold Set to Soar as AI Triggers Banking Crisis and Deflation

Luke Gromen is predicting a major shift in the economic landscape, suggesting that Bitcoin and gold will be the top assets to hold for those looking to hedge against the potential economic fallout from the rise of artificial intelligence (AI).

In a recent video, Gromen shared his views with his YouTube audience, discussing how AI’s growing ability to replace human jobs could trigger a banking crisis.

Gromen believes AI’s development will lead to widespread job displacement and stagnating wages, which in turn will drive up consumer loan defaults. He argues that these defaults will create significant pressure on the banking sector, eventually forcing policymakers to decide whether to let the system collapse or intervene.

According to him, it seems likely that governments will choose to preserve the banking system, leading to an increase in money printing and further economic instability.

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As central banks step in to bail out the banking system, Gromen foresees a surge in the value of gold and Bitcoin, viewing both as prime assets that will benefit from the inevitable monetary debasement.

He asserts that the deflationary impact of AI, while disruptive in the short term, will ultimately drive more demand for Bitcoin and gold as safe-haven assets.

Alexander Stefanov