Almost all institutions on Wall Street seem to have released their outlook for the stock market next year.

But Saxo Bank, headquartered in Denmark, is different. Their analysts make some outrageous predictions every year. These predictions are reasonable but unlikely to happen, often sparking discussions and challenging the consensus.

A quick review of Saxo Bank analysts' predictions for 2024 reveals that their predictions are very interesting but lack accuracy. At that time, they predicted that Robert F. Kennedy Jr. would be elected president of the usa, oil prices would reach $150 per barrel, and GLP-1 drugs would derail the fitness industry; all these predictions turned out to be wrong, so investors should have a cautious attitude towards their new predictions.

In 2025, Saxo Bank analysts found that the best starting point for predictions is the view on Trump 2.0, predicting boldly that Trump would destroy the dollar. Given that Trump threatened last weekend to impose a 100% tariff on countries if the BRICS nations attempted to create new currencies or support other currencies to replace the dollar, this is a timely call.

Saxo Bank's chief macro strategist, John Hardy, wrote: “In 2025, the new Trump administration will fundamentally change the relationship between the usa and the world, imposing hefty tariffs on all imported goods, while reducing the deficit with the help of a government efficiency department led by Elon Musk.”

“Trump weaponizing the dollar is terrifying for global trade because it would cut off the supply of dollars needed to maintain the global dollar system. Ironically, this could lead to a significant appreciation of the dollar. However, as global financial institutions scramble for alternatives, they will ultimately find a safety valve. The BRICS countries will trade using gold-backed digital currencies. Europe is increasingly establishing its trade relations based on the euro. As global financial markets embark on this dramatic new chapter, gold-linked crypto stablecoins will also join in.”

Saxo Bank also predicts that nvidia's market cap will become double that of apple's, thanks to the insatiable demand for ai chips. This is shocking not only in scale but also in narrative. The Saxo Bank team stated that meanwhile, profits for apple and other technology giants will be affected as they need to invest in companies like nvidia to keep pace with the ai arms race.

Another outrageous prediction from Saxo Bank is that natural disasters could lead to the bankruptcy of large insurance companies. Considering that rainfall and flood events, once thought to be 1% and 0.1% probabilities, are now occurring more frequently, this does not seem impossible. In this scenario, Berkshire Hathaway would be the winner as it has sufficient funds to withstand any panic and can gain market share.

Other outrageous predictions include:

The electrification boom leads to the dissolution of OPEC;

The USA imposes taxes on ai datacenters;

The british pound rises against the euro to levels before Brexit.