Goldman Sachs Executive Forecasts Further US Dollar Decline, Says He’s ‘Super Bullish’ on Stocks – Here’s Why

A Goldman Sachs top executive believes the value of the US dollar has further to fall while predicting stocks may reach new all-time highs. In a new analysis, Ashok Varadhan, Goldman’s co-head of global banking and markets, says that gold and Bitcoin ( BTC ) may be an effective hedge against currency devaluation amid a ballooning national budget deficit. “Many investors have become more bearish on the US dollar amid fiscal concerns, and Goldman Sachs Research expects further depreciation in the currency. But Varadhan points out that the US isn’t the only developed market with an unusually large budget deficit. The US budget deficit this year is estimated to be about 6% of GDP, while the deficit of France is 5.5%, and the UK 3.6%, according to Goldman Sachs Research. Varadhan suggests that assets like gold and Bitcoin could climb relative to fiat currencies.” Varadhan also says that stocks may continue in an uptrend because President Trump’s reduction in government regulations may help stimulate the economy and advancements in artificial intelligence (AI) may help companies generate larger profits. “Varadhan says he’s ‘super bullish’ on equities, even though they’ve reached all-time highs. There’s a tailwind to the US economy from deregulation, and it will be crucial to assess whether the US manages a fair recalibration of trade and continues to attract the best, brightest, and most able people to its labor market… We’re not even in the first inning of companies implementing AI. Once that company implementation happens, you get that productivity dividend.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Goldman Sachs Executive Forecasts Further US Dollar Decline, Says He’s ‘Super Bullish’ on Stocks – Here’s Why appeared first on The Daily Hodl .