What Bitcoin Did Iran, Oil and the Next Financial Crisis | Luke Gromen
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Mar 10, 2026 
Luke Gromen, macroeconomic analyst and founder of FFTT, discusses how missiles and drones may have shifted global power and what that means for oil and the dollar. He explores geopolitical alignment among China, Russia, India and Iran, outlines near‑term market scenarios after Gulf strikes, and considers AI as a fast trigger for a major credit event. Bitcoin’s resilience and why he trimmed his position are also covered.
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Missiles Democratize Military Power
- Missiles and drones have democratized military power, making small, low-cost arsenals able to deny large navies access to chokepoints like the Strait of Hormuz.
- Luke Gromen says Iran closed the Strait and U.S. carrier groups moved away, showing blue-water dominance is no longer guaranteed and changing geopolitical leverage.
Naval Limits Threaten Dollar Backing
- The end of blue-water naval monopoly implies sustained multipolarity and reduces the effectiveness of military-backed dollar preservation.
- Gromen links carrier-group deterrence to dollar dominance and warns that lost naval control invites de-dollarization moves.
Manufacturing And Oil Are Strategic Levers
- Global supply leverage now rests with China, Russia, and India because the world depends on their factories and oil to avoid systemic financial stress.
- Gromen argues these countries can wait out U.S. pressure since cutting them off would blow up oil and Treasury markets.