TD₿: Luke Gromen Sounds the Alarm of a Crashing Economy: Macro Update to Help Investors Prepare - (a Coin Stories video) with Natalie Burnell and Guest Luke Gromen
TL;DR: A critical macro update on the U.S. economy, the debt spiral, what it means for gold and Bitcoin, why the current path is unsustainable—and how investors can prepare.
Hey Bitcoiners,
In today’s video, Luke Gromen warns that aggressive spending cuts like DOGE (Drive Out Government Excess) may backfire if executed before a necessary debt restructuring. He explains that the U.S. is already in a situation where true interest expense exceeds 100% of government receipts, even at record-high tax revenues.
Cutting spending without first devaluing the real value of Treasuries—via inflation or yield curve control—would reduce economic activity, crash GDP, and trigger a sudden fiscal crisis. Essentially, unless the U.S. crushes the real value of its debt first, austerity will accelerate a debt spiral and damage both markets and national security.
Gromen proposes a coordinated solution: a rapid and deliberate debt devaluation strategy, supported by Fed policy, strategic communication, and investment in domestic industry. He suggests revaluing gold or even introducing gold- or Bitcoin-backed bonds to reduce Treasury issuance.
Ultimately, he argues the U.S. must replace Treasuries as the world’s reserve asset with a neutral one like gold or Bitcoin, to restore economic balance and rebuild American industrial capacity. Wall Street, still tied to old narratives, remains blind to the shift—but gold and Bitcoin holders will be the big winners when the reset hits.
Tick tock next block,
The Swan Education Team
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Quote of the Day
“Bitcoin is a game we play where we can easily tell when someone is cheating.”
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In the Headlines
GameStop CEO Ryan Cohen Buys $10.7M in GME Stock After $1.3B Bitcoin Investment Plan
GameStop CEO Ryan Cohen has purchased $10.7 million worth of GME stock—500,000 shares at $21.55 each—just eight days after the company announced plans to add Bitcoin to its treasury. With this purchase, Cohen now holds 8.4% of GameStop’s outstanding stock. The move follows GameStop’s strategy to raise $1.3 billion through convertible notes to buy Bitcoin, mimicking Michael Saylor’s corporate playbook.
Despite Bitcoin’s 23% drop from its all-time high, it recently rallied above $84,100. GameStop is turning to Bitcoin amid declining sales, with net revenue falling 28% in Q4 2024 and a 12% decline over the past three years. The company also plans to close a significant number of physical stores as part of its restructuring.
Swan Shortie of the Day
Event of the Day
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Tickets for the Bitcoin Conference 2025 can be purchased through Eventbrite, and the event times are from 9:00 AM to 5:00 PM daily. There are no refunds or exchanges after the order has been made.2
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CleanSpark: A Bitcoin company based in Las Vegas that focuses on sustainable Bitcoin infrastructure.
Las Vegas Tax Attorneys: Experts providing consultations on Bitcoin tax issues.
Meme of the Day
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