Analyst: Does Not Believe in "Massive Money Printing" Next Year, Still Bullish on Bitcoin

On December 23, macro analyst Luke Gromen shared in a new YouTube update that he does not anticipate large-scale money printing—defined as extreme government and central bank currency creation—in 2026. Gromen laid out two core reasons for his negative short-term view on Bitcoin: 1. Current economic leverage is extremely high. Bitcoin acts as both the most effective last-resort liquidity smoke alarm and a tightening equity layer. Deflationary pressure from AI and robotics is growing exponentially; any measures short of full-scale money printing are effectively tightening, which won’t offset that exponential deflation. This will worsen as equity asset prices and Bitcoin fall. 2. Bitcoin trades like high-beta tech stocks. That said, Gromen stressed Bitcoin remains a prudent long-term choice. “I’m still long-term bullish on Bitcoin,” he noted. “I just think deflation will trigger a crisis—and eventually, someone will roll out large-scale money printing to address it. Bitcoin is the equity layer in this highly leveraged system, facing exponential deflation from AI and robotics. Not many people are framing it this way yet, but I expect that to shift in the next few months.”