Macroeconomic analyst Luke Gromen predicts that governments may soon impose capital controls, and investors should prepare.
A Looming Trade War and Capital Controls
Gromen believes the ongoing US-China trade war is unsustainable. He argues that to prevent economic collapse, Western governments will likely need to control the flow of capital. This could involve measures like restricting certain investments, taxing transactions, or limiting money movement in and out of the country. He suggests this might even impact retirement accounts, potentially requiring a certain percentage to be held in government bonds.
Bitcoin and Gold: Your Safe Haven?
Gromen’s advice? He recommends holding significant amounts of Bitcoin (BTC) and gold as a hedge against these potential capital controls. He emphasizes that acting early is crucial, as once controls are in place, it will be too late to protect your assets effectively.
Disclaimer
This information is for general knowledge and shouldn’t be considered investment advice. Always do your research before making any investment decisions, especially in high-risk assets like cryptocurrencies.
