Michael Nicollettos

Bitcoin and crypto will consolidate at current levels as long as the market remains focused on large AI IPOs and inflation fears persist. Once the inflation scare clears and the major IPOs are absorbed, likely after the midterm elections, a rally toward the end of 2026 into early 2027 is expected. Michael would be a buyer on any correction.

Gold is held as a large position in the portfolio to preserve purchasing power in an environment of debasement and likely further monetary expansion. It is a store of value as the Fed may be forced to cut rates or restart QE, weakening the dollar's purchasing power.