Forecast Expert Gerald Celente asserts that Donald Trump is fully invested in Bitcoin, while discussing the future of Gold and Nvidia.
Bitcoin's Smash Past $103K Wets Investers' Appetite
Renowned trend predictor Gerald Celente is doubling down on his prolonged bullish stance on Bitcoin following its recent surge. In a recent video broadcast, Celente, founder of The Trends Journal, highlights that the skyrocketing BTC price isn't just fueled by technical hype but also by deepening political ties.
"Y'all know we're bullish on Bitcoin since the Trump crew's dipped toes in cryptocurrency," he remarked. "Ain't no secret they're looking to rake in some dough."
Currently trading at $103,513, Bitcoin surged 23% in the past month and more than 50% over the past year, shattering the six-figure barrier. This rally isn't just a psychological milestone; it signals increased macro conviction in Bitcoin's role as a store of value, particularly as global investors reevaluate risk and policy direction.
Earlier this year, Celente pointed to the influence of campaign funding on Bitcoin's trajectory. "The Trump gang... received hefty crypto donations," he stated in a previous episode, hinting at institutional players possibly manipulating regulatory environments.
Furthermore, Celente remains positive about gold's performance. "Gold's up a cool $46 to $3,222 an ounce," he reported. "Still flying high." His confidence stems from historical patterns – in uncertain times, capital often flows into hard and alternative assets like gold.
However, Celente admonishes the AI stock bubble, specifically gambling on company shares like Nvidia (NASDAQ: NVDA). "Nvidia's rebound's 'cause of the Middle East deal with the Trump crew," he noted. "But we still think there's gonna be another dot-com crash, with China leadin' the AI pack."
He's been warning about AI's ballooning stock market valuations, questioning their grounding in fundamentals. While temporary drivers like geopolitical partnerships and regional investments may boost stocks, the broader AI sector remains fragile to a sudden correction, especially as global competition stiffens.
Featured image via Shutterstock
Additional Insights
Gerald Celente, the celebrated trend forecaster, expressed his sentiments on Bitcoin, gold, and Nvidia, often tying them to the Trump administration and broader market trends. Here's a snapshot of his positions:
Celente's Predictions on Bitcoin
- Trump's Bitcoin Backing: Celente believes that former president Trump backs Bitcoin, stating that "Trump's all in on Bitcoin." This implies that Celente sees Trump's backing as a positive factor in Bitcoin's rise.[1][2][5]
- Market Trends and Bitcoin: Celente's optimism towards Bitcoin coincides with his overall view on the growing relevance of decentralized assets during times of geopolitical unrest and distrust in centralized monetary systems.
Celente's Take on Gold
- Gold's Resilience: Celente remains hopeful about gold's performance, citing its robust position even after recent price swings. He contends that gold often attracts investors during periods of geopolitical instability and dollar devaluation, fueling demand for hard-asset investments.[4][5]
- Price trends and Market Conditions: Despite gold retreating from its highs, Celente acknowledges its continued strength, with prices hovering around $3,222 per ounce. He suggests that gold's appeal remains robust in uncertain times.[5]
Celente's Caution on Nvidia
- Nvidia and AI Mania: Celente cautions about investing in Nvidia's stock, especially given its Middle East deal with the Trump administration. He predicts another "dot-com crash" for AI equities, indicating doubts about Nvidia's sustained growth driven by AI hype.[5]
- Market Concerns: Celente's caution about Nvidia reflects his broader reservations about speculative trends in the tech industry, particularly those relating to AI, which he believes might lead to another tech bubble bursting like in the late 90s dot-com era.
Overall Market Trends
- Geopolitical Instability: Celente underscores the effect of geopolitical tensions on market trends. He suggests that in such environments, investors tend to invest in stable or alternative assets like gold and Bitcoin, considered safer options compared to speculative tech stocks.[4][5]
In light of Gerald Celente's bullish stance on Bitcoin, he states, "Ain't no secret they're looking to rake in some dough with Bitcoin, given the Trump crew's interest." Furthermore, Celente's view on technology investments extends beyond Bitcoin, as he cautions against overvalued AI stocks like Nvidia, asserting, "Despite the Middle East deal with the Trump crew, we still think there's gonna be another dot-com crash, with China leading the AI pack."
