Renowned trend forecaster Gerald Celente believes a recent surge in Bitcoin’s price points to growing political backing from President Donald Trump. The current price above $103,000 is not just a technical milestone but also indicates increasing support from the government.
Celente notes that institutional players are building a favorable legal environment through political coalitions, which benefits the crypto sector. He sees this as a sign of commercial interests being aligned with money. Bitcoin’s price has risen by 23% over the past month and 50% last year, driven in part by Trump’s campaign’s connections to the crypto industry.
Celente also maintains his interest in gold, despite its current lower price of $3,222 per ounce. He attributes gold’s persistence to its historical role as a safe-haven asset during times of economic crisis and political unrest. With the world facing numerous problems, Celente believes gold will continue to attract those seeking stability.
However, Celente expresses skepticism about the broader artificial intelligence sector. While he values Nvidia’s recent stock increase, which may be linked to a deal with the Trump administration, he warns that there is still significant hype surrounding AI shares. He cautions investors to be cautious of potential declines as global competitiveness increases and values shift.
Celente highlights the importance of considering both political and market factors in investment decisions. The current trends suggest a relationship between government support and market dynamics, particularly for Bitcoin and Nvidia.
Source: https://financefeeds.com/trend-forecaster-gerald-celente