‘Trump 2.0 blows up the USD’: Saxo outrageous predictions for 2025

Saxo unveils its Outrageous Predictions for 2025
Prediction: Trump 2.0 blows up the USD
Prediction: Nvidia balloons to twice value of apple

Special Report: Fintech specialist Saxo has unveiled its 2025 annual Outrageous Predictions led by its Global SaxoStrats team.

These predictions don’t reflect Saxo’s official market forecasts for the year ahead but serve as a reminder for investors to account for all possible outcomes.

“These are a series of predictions that, while highly unlikely, could just happen,” Saxo chief macro strategist John Hardy said.

“And if they did, they would send shockwaves across the financial markets.

From Trump blowing up the USD to Nvidia ballooning to twice the value of Apple these 2025 outrageous predictions may be just what’s needed to spark a good discussion if idle chit chat becomes a little stale at one of those holiday functions.

#Trump 2.0 blows up the USD

In 2025, President Donald Trump returns to the White House and according to an outrageous prediction by Hardy overhauls the US’ global relationships, imposing massive tariffs on imports and slashing deficits with the help of an Elon Musk-run Department of Government Efficiency (DOGE).

“The implications for the USD are dire for trade around the world, as it cuts off the needed supply of dollars to keep the wheels of the global USD system turning, ironically risking a powerful spike higher in the USD,” Hardy said.

Potential market impact:

The crypto market quadruples to more than US$10 trillion, while the USD falls 20% against major currencies and 30% versus gold.

The world’s largest economy reflates but wages keep up with goods inflation on reshoring of production resources, which benefits US exporters.

#2 Nvidia balloons to twice the value of apple

Semiconductor manufacturer Nvidia’s success is supercharged with its revolutionary Blackwell chip in 2025, according to Hardy’s second prediction.

“Nvidia surpasses Apple’s record US$105bn of profits next year, and with far faster growth baked into expectations, its market cap nearly doubles again, making it twice the size of Apple,” Hardy said.

“Apple and the other tech giants’ valuations suffer in relative terms, as their profitability is weighed down by the need to build titanic data centres to keep up in the AI gold rush.”

Potential market impact:

Nvidia shares lift to more than US$250, before the market begins to question its potential to grab an ever-greater share of corporate profits. Unwelcome regulatory scrutiny on its monopoly status tempers the outlook.

#3 China unleashes CNY 50 trillion stimulus to reflate economy

China makes a bold bet to stimulate the economy and thinks it can manage the inflationary risks. The government unleashes spending adding up to promises of more than CNY 50 trillion (~US$7 trillion) in 2025 and 2026, according to an outrageous prediction by chief investment strategist Charu Chanana.

“Much of the spending goes directly into consumers’ pockets via e-CNY digital currency, so that it will be injected straight into the economy rather than to pay off debt,” Chanana said.

She said China also adds heavy doses of social engineering in its stimulus, incentivising companies to reduce working hours to improve quality of life, in turn boosting leisure time, consumption, company formation, family formation and childbearing.

Potential market impact:

A strong reflationary impact in China and the world. There is an outperformance of emerging markets relative to developed markets (and China in particular), higher commodity prices globally, and a stronger CNY.

#4 First bio-printed human heart ushers in a new era of longevity

In 2025, scientists successfully bio-print a fully functional human heart using advanced 3D bioprinting technology, according to an outrageous prediction by options strategist Koen Hoorelbeke.

“Starting with high-resolution CT scans, scientists create an intricate digital model capturing every minute detail of the heart’s complex structure,” Hoorelbeke said.

“This model serves as the blueprint for a state-of-the-art 3D bioprinter, which meticulously layers human stem cells and biodegradable scaffold materials to construct the organ with remarkable precision.”

Potential market impact:

Biotechnology and 3D printing sectors boom, with IPOs proliferating. The surge in innovation and investment could reshape the healthcare industry, leading to improved patient outcomes and economic growth.

#5 Electrification boom ends OPEC

As demand for electric vehicles continues and two-thirds of oil ending up as petrol or diesel in cars and trucks, OPEC finds its relevance shrinking further and its multi-million barrel/day production limits irrelevant, according to an outrageous prediction by head of commodity strategy Ole Sloth Hansen.

“With some members already cheating production quotas to grab what income they can, and with export demand falling, a majority of members quickly realise the jig is up,” Hansen said.

“Amid the bickering and in-fighting, key members leave, consigning OPEC to the ash heap of history.”

Potential market impact:

Crude oil slumps in price, which creates a boom for chemical, paint and tire manufacturers, airlines, freight and logistics companies.

However, the market balances quickly and oil prices stabilise as higher cost suppliers, especially in North America, shut down expensive shale oil production.

Japanese carmakers find themselves in a desperate race to catch up with other EV players.

#6 US imposes AI data centre tax as power prices run wild

In 2025, US power prices spike higher in several populated US areas as the largest tech companies scramble to lock in baseload electricity supplies for their precious AI data centres, according to another Hansen outrageous prediction.

“This inspires popular outrage, as households see their utility bills skyrocket, aggravated by the huge spikes in power prices for electricity consumed at home during peak load periods in the evening,” Hansen said.

“In response, many local authorities move in to protect political constituents, slapping huge taxes and even fines on the largest data centres in a move to subsidise lower power prices for households.”

Potential market impact:

A massive boom in US investment in power infrastructure and companies like NYSE-listed Fluor rising on signing massive new construction deals. Tesla’s accelerating Megapack battery gets increasing attention.

Long-term US natural gas prices more than double, a significant contributor to a more inflationary outlook.

#7 A natural disaster bankrupts a large insurance company for the first time

In 2025, a catastrophic storm and rainfall event in the US catches the insurance industry unprepared, according to another Hardy outrageous prediction.

“With insufficient reserves to cover claims and inadequate reinsurance to mitigate the costs of this extreme event, panic spreads across the entire industry,” he said.

“A crisis unfolds, prompting government-level discussions on whether to bail out the failing company and the other walking wounded in the industry to prevent widespread risk contagion.

Potential market impact:

Berkshire Hathaway shares rise as Warren Buffett’s company has enough capital to weather the panic, and the company gains market share.

#8 GBP erases post-Brexit discounts versus the EUR

In 2025, GBP rises through 1.27 versus the EUR (the level it traded ahead of the Brexit referendum), thus erasing its entire post-Brexit vote discount, Hardy also outrageously predicts.

“This would mean the UK outlook is more positive relative to the sick man of Europe – the core Eurozone countries of France and Germany,” he said.

“Fresh fiscal policy winds are blowing in the UK, where the new UK Labour government announced budget priorities ahead of 2025 that avoided the most growth-damaging

types of tax hikes on income, while also trimming the least productive public sector spending to shrink its deficits.”

Possible market impact:

Encouraging domestic investment and a more robust growth outlook supports GBP, seeing EUR/GBP fall as low as 0.7500 – below the rate the day before the Brexit vote at 0.76.

The UK FTSE 100 index posts a strong performance.

This article was developed in collaboration with Saxo Markets, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.