Bitcoin Turns Short-Term Bearish: Luke Gromen Flags Tech-Correlation, Liquidity Tightening, and Quantum Risks

COINOTAG News notes that Luke Gromen, founder of Forest for the Trees, described himself as long Bitcoin on The Monetary Matters Network. He built most of his stake below $30,000 in late 2022–early 2023 and has held it, turning a near‑term bearish tilt.

Gromen notes Bitcoin’s price action remains linked to tech equities. He argues the AI era’s bottleneck is energy—not chips—tempering the outlook for Bitcoin and technology exposure.

Second, he notes Bitcoin has not broken out versus gold, and warns the liquidity regime may tighten unless stimulus nears nuclear-grade levels, a dynamic that could constrain risk assets.

The third factor is a potential quantum threat to Bitcoin, viewed on a 2–9 year horizon. He also flags Tether liquidity dynamics, noting the issuer leans toward AI and gold, with a larger gold position than Bitcoin on its balance sheet.