Veteran Trends Forecaster Gerald Celente Doubles Down on His Bullish Bitcoin (BTC) Position

Bitcoin‘s (BTC) rally past $103,000 is drawing renewed attention from investors, and veteran trends forecaster Gerald Celente is doubling down on his long-standing bullish position.

In the rapidly evolving world of cryptocurrencies, veteran trends forecaster Gerald Celente is sticking to his guns with a bullish outlook on Bitcoin (BTC) and a pessimistic view of AI stocks, despite a recent rally that has seen the flagship cryptocurrency breach the $103,000 mark.

During a recent YouTube broadcast of his Trends Journal show, Celente, the founder of the forecasting firm, said that the surge in BTC is being driven not just by technical momentum, but also by deepening political alignment, an angle he has touched upon before.

“Everyone knows that we’ve been bullish on Bitcoin because the Trump team is all in the Bitcoin cryptocurrency field,” he said. “The prices are going to go up. All they’re interested in doing is making money.”

Bitcoin is currently trading at $103,513, up 23% in the last month and more than 50% over the past year. The breakout past the six-figure threshold is not just a psychological milestone, it also signals broader macro conviction in Bitcoin’s role as a store of value, especially as global markets are readjusting to new risk and policy realities.

Earlier this year, Celente spoke about the role of campaign financing in shaping Bitcoin’s trajectory. “The Trump gang… gave him a lot of crypto. The crypto people gave him a lot of dough,” he said, suggesting that institutional players may be interested in creating a favorable regulatory environment.

Celente also shared an update on gold, another asset he has been bullish on throughout this year.

“Gold is up some 46 bucks as we go—$3,222 an ounce, down from its $3,500 high but still flying nice,” he said.

“So we see it’s still going strong. They’re now adjusting the price down, but it’s still in a nice, broad range here.”

His thesis remains optimistic: in periods of geopolitical uncertainty, de-dollarization, and distrust in centralized institutions, capital often rotates into hard and alternative assets.

However, Celente’s optimism doesn’t extend to the speculative frenzy surrounding AI equities, particularly those like Nvidia (NASDAQ:NVDA), which have been driving the narrative around artificial intelligence’s market potential.

“Nvidia stock is going back up because of the deal they just did over the Middle East with the Trump team,” Celente said.

“But we still say there’s going to be a dot-com bust, and China is going to lead the world in the AI development.”

He has warned for some time now that the AI rally echoes the late-1990s dot-com bubble, marked by hype-driven valuations with insufficient fundamental grounding. While short-term catalysts like geopolitical partnerships and regional investment deals may buoy specific names, suggesting that the broader AI sector remains vulnerable to a sharp correction, especially as global competition intensifies.