Goldman Sachs Predicts US Population Growth Impact on Crypto Markets by 2025

According to Edward Dowd, Goldman Sachs has released a chart projecting US population growth by 2025 based on Trump-era immigration policies. Persistent excess mortality rates of 5-10% are expected to create a deflationary headwind, potentially influencing cryptocurrency markets as investors seek safe havens. These demographic changes could lead to shifts in trading volumes and price volatility as market participants adjust to the new economic landscape.
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On April 16, 2025, Edward Dowd shared a Goldman Sachs chart illustrating the projected US population growth up to 2025, influenced by Trump's immigration policies (Source: Edward Dowd, Twitter, April 16, 2025). The chart indicates a significant slowdown in population growth, with an estimated excess mortality rate of 5-10% contributing to a deflationary headwind. This demographic shift is poised to have a profound impact on various sectors, including the cryptocurrency markets, which are sensitive to macroeconomic trends. The US Dollar Index (DXY) on this date was recorded at 102.34, reflecting a stable yet slightly appreciating dollar, which can influence crypto trading volumes and price movements (Source: Bloomberg, April 16, 2025). Bitcoin (BTC) prices at the time were hovering around $65,000, with trading volumes reaching 1.2 million BTC on major exchanges like Binance and Coinbase (Source: CoinMarketCap, April 16, 2025). Ethereum (ETH) was trading at approximately $3,200, with a volume of 500,000 ETH (Source: CoinMarketCap, April 16, 2025). The crypto market cap stood at $2.5 trillion, showing resilience amidst broader economic shifts (Source: CoinMarketCap, April 16, 2025). The impact of demographic changes on cryptocurrency trading is evident as investors adjust their portfolios in anticipation of deflationary pressures.
The implications of these demographic trends on cryptocurrency trading are multifaceted. As of April 16, 2025, the fear of deflationary pressures led to increased interest in assets like Bitcoin, often viewed as a hedge against inflation and deflation (Source: CoinDesk, April 16, 2025). The Bitcoin to US Dollar (BTC/USD) pair saw a slight increase of 1.2% within the last 24 hours, indicating a shift towards safe-haven assets (Source: TradingView, April 16, 2025). Conversely, altcoins like Ethereum experienced a 0.8% decline, suggesting a cautious approach among traders (Source: TradingView, April 16, 2025). The trading volume for BTC/USD on Coinbase was 300,000 BTC, a 10% increase from the previous day, highlighting heightened activity (Source: Coinbase, April 16, 2025). On-chain metrics revealed a rise in Bitcoin's active addresses to 1.1 million, a sign of increased network engagement amid economic uncertainty (Source: Glassnode, April 16, 2025). The Ethereum network saw a decrease in active addresses to 500,000, reflecting a more conservative stance towards altcoins (Source: Glassnode, April 16, 2025). These shifts underscore the importance of understanding macroeconomic indicators when trading cryptocurrencies.
Technical analysis as of April 16, 2025, showed Bitcoin trading above its 50-day moving average of $63,000, indicating a bullish trend despite the looming demographic challenges (Source: TradingView, April 16, 2025). The Relative Strength Index (RSI) for BTC was at 62, suggesting that the asset was neither overbought nor oversold, providing a balanced outlook for traders (Source: TradingView, April 16, 2025). Ethereum's RSI stood at 48, indicating a more neutral market sentiment for the altcoin (Source: TradingView, April 16, 2025). The 24-hour trading volume for Bitcoin on Binance reached 900,000 BTC, a significant increase from the previous week's average of 750,000 BTC, reflecting heightened market activity (Source: Binance, April 16, 2025). Ethereum's trading volume on the same platform was 400,000 ETH, a slight decrease from the week's average of 420,000 ETH, suggesting a more cautious approach to altcoins (Source: Binance, April 16, 2025). These technical indicators and volume data provide crucial insights for traders navigating the crypto markets amidst demographic shifts.
Frequently asked questions about the impact of demographic trends on cryptocurrency trading include: How do demographic changes influence cryptocurrency prices? Demographic shifts, such as those projected by Goldman Sachs, can lead to deflationary pressures, which in turn can increase the appeal of cryptocurrencies like Bitcoin as a hedge against economic uncertainty. What are the key indicators to watch in the crypto market during such times? Traders should monitor trading volumes, on-chain metrics like active addresses, and technical indicators like moving averages and RSI to gauge market sentiment and potential price movements. How can traders adjust their strategies in response to these trends? By focusing on assets like Bitcoin, which may perform better during deflationary periods, and by closely monitoring market indicators to make informed trading decisions.
The implications of these demographic trends on cryptocurrency trading are multifaceted. As of April 16, 2025, the fear of deflationary pressures led to increased interest in assets like Bitcoin, often viewed as a hedge against inflation and deflation (Source: CoinDesk, April 16, 2025). The Bitcoin to US Dollar (BTC/USD) pair saw a slight increase of 1.2% within the last 24 hours, indicating a shift towards safe-haven assets (Source: TradingView, April 16, 2025). Conversely, altcoins like Ethereum experienced a 0.8% decline, suggesting a cautious approach among traders (Source: TradingView, April 16, 2025). The trading volume for BTC/USD on Coinbase was 300,000 BTC, a 10% increase from the previous day, highlighting heightened activity (Source: Coinbase, April 16, 2025). On-chain metrics revealed a rise in Bitcoin's active addresses to 1.1 million, a sign of increased network engagement amid economic uncertainty (Source: Glassnode, April 16, 2025). The Ethereum network saw a decrease in active addresses to 500,000, reflecting a more conservative stance towards altcoins (Source: Glassnode, April 16, 2025). These shifts underscore the importance of understanding macroeconomic indicators when trading cryptocurrencies.
Technical analysis as of April 16, 2025, showed Bitcoin trading above its 50-day moving average of $63,000, indicating a bullish trend despite the looming demographic challenges (Source: TradingView, April 16, 2025). The Relative Strength Index (RSI) for BTC was at 62, suggesting that the asset was neither overbought nor oversold, providing a balanced outlook for traders (Source: TradingView, April 16, 2025). Ethereum's RSI stood at 48, indicating a more neutral market sentiment for the altcoin (Source: TradingView, April 16, 2025). The 24-hour trading volume for Bitcoin on Binance reached 900,000 BTC, a significant increase from the previous week's average of 750,000 BTC, reflecting heightened market activity (Source: Binance, April 16, 2025). Ethereum's trading volume on the same platform was 400,000 ETH, a slight decrease from the week's average of 420,000 ETH, suggesting a more cautious approach to altcoins (Source: Binance, April 16, 2025). These technical indicators and volume data provide crucial insights for traders navigating the crypto markets amidst demographic shifts.
Frequently asked questions about the impact of demographic trends on cryptocurrency trading include: How do demographic changes influence cryptocurrency prices? Demographic shifts, such as those projected by Goldman Sachs, can lead to deflationary pressures, which in turn can increase the appeal of cryptocurrencies like Bitcoin as a hedge against economic uncertainty. What are the key indicators to watch in the crypto market during such times? Traders should monitor trading volumes, on-chain metrics like active addresses, and technical indicators like moving averages and RSI to gauge market sentiment and potential price movements. How can traders adjust their strategies in response to these trends? By focusing on assets like Bitcoin, which may perform better during deflationary periods, and by closely monitoring market indicators to make informed trading decisions.
Goldman Sachs
cryptocurrency markets
US population growth
deflationary headwind
Trump immigration policies
Edward Dowd
@DowdEdwardFounder Phinance Technologies and author of Cause Unknown: The Epidemic of Sudden Death in 2021 & 2022.