The David Lin Report Economist Reveals Bitcoin's Next Breakout, Warning For Gold | Jim Thorne
Oct 23, 2025
Jim Thorne, Chief Market Strategist at Wellington-Altus Private Wealth, shares insights on the shifting landscape of alternative assets, emphasizing his bullish outlook on Bitcoin while predicting a pause for gold. He discusses the implications of new fiscal policies and AI investments on market growth. Thorne argues that while regional banking troubles don't signal a crisis, tariffs are mere negotiation tactics. With a focus on 100% CapEx expensing, he highlights the potential for corporate growth in tech and energy sectors. Expect Bitcoin to lead, while gold consolidates.
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CapEx Supercycle Driven By AI
- Jim Thorne expects a CapEx supercycle driven by 100% tax deductibility and AI demand.
- He predicts large incremental electricity needs and sustained earnings growth from CapEx investment.
Avoid Buying Parabolic Gold Moves
- Do not buy parabolic gold moves; expect a retracement to the 61.8% Fibonacci or the 50-day moving average.
- Wait for a pullback, sideways grind, then re-enter for the long-term gold thesis.
Stablecoins Could Anchor Treasury Demand
- Stablecoins legislated like money market funds will create demand for US Treasuries.
- This evolution could reinforce the dollar and treasuries as the best house in a bad neighborhood.