Saxo Bank has predicted that a second term for Donald Trump as US President in 2025 will devastate the US dollar and benefit the cryptocurrency market. The bank's "Outrageous Predictions" state that potential tariffs on imports and budget cuts could harm the dollar, leading to a 20% decline against major currencies and a 30% drop against gold. Saxo accurately predicted the rise of Bitcoin in 2017. The bank also expects a surge in the British pound and a massive boom for chip maker Nvidia. The predictions do not represent Saxo's official market forecasts.



Other News from Today