Gerald Celente Just Issued Major Gold, Silver & Cryptocurrency Trend Forecasts!
Today top trends forecaster Gerald Celente just released major trend forecasts for gold, silver and cryptocurrencies!
Gold, Silver And Cryptocurrencies
Gerald Celente: While volatility in the heated cryptocurrency markets is stirring warnings that a bubble is about to explode, the Trends Research Institute forecasts that digital currency will grow significantly as the race toward a cashless world accelerates…
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The cryptocurrency sector ended a turbulent July with a market cap of $92 billion. Bitcoin, Ethereum, SETLcoin and others experienced wild value swings as new players entered the field and a growing chorus of analysts warned that a crash was coming.
In fact, billionaire investor Howard Marks compared cryptocurrency investment to the Tulip mania of 1637. During the Golden Dutch Age, the price of bulbs for the newly discovered flower skyrocketed. Then came a dramatic collapse, making it the first recorded bubble.
That’s a sentiment shared by many analysts, who see digital-currency market volatility as unsustainable.
Moreover, the digital coin trading frenzy prompted the Securities and Exchange Commission in late July to begin a review of how digital coins are sold, raising the possibility of tighter government regulations. That news triggered even more uncertainty about the future of cryptocurrency and more volatility in the markets.
But missing from all the analytic fervor over the anticipated bubble crash is a Globalnomic® perspective. It’s bigger than tulips. It reaches well beyond the United States. There is a worldwide movement to eliminate cash, creating a wide-open market gap for digital currencies.
As we forecast last year (Trends Monthly, December 2016) in identifying “No More Cash” as one of Top 10 Trends for 2017: “Soon, you won’t be able to see or touch cash in the coming global cashless society… The pace at which currency across the globe was challenged or devalued accelerated in 2016. …In 2017, there’ll be a global sprint toward digital currency.”
That sprint we forecast is now turning into a mad cryptocurrency dash.
Ranging from eliminating some currency, to negative interest rates on cash deposits, to assigning fees to cash payments and more, the war on cash, as we forecast, is real and growing.
The idea that investing in digital currency is merely speculative because it has no intrinsic or physical value ignores the larger, powerful trend: The world is going cashless.
If people are not using cash and have no physical or emotional connection to their national currency, there’s no sense of pride in holding the coin of the realm.
In a cashless world, there’s no “In God We Trust” to trust.
As we forecast in the Trends Journal (Atoms and Bits, Winter 2017): “The world is shifting from a world based primarily on ownership of material goods to one of accessing services (the world’s largest taxi company owns no cars, the largest retailer owns no hard assets, etc.)…
“The entire global economy is shifting from material objects to intangible bits.”
Government regulations and interference are wild cards that will affect the trend as it evolves. While volatility will continue in cryptocurrency markets, in a cashless, technologically sophisticated world, this is an unstoppable trend.
GOLD & SILVER TREND FORECAST:
As the world goes cashless and not only crypto currency addicts lose faith in fiat currencies but others as well, there will also be a strong demand for gold and silver, which still maintain their status as the ultimate safehaven. This trend toward gold and silver will accelerate as people want to own a tangible asset rather than simply a digital currency. I maintain my forecast that the downside for gold remains small compared to the upside potential, and when gold breaks above $1,400, it will spike toward $2,000.