Economist Henrik Zeberg is predicting a Bitcoin price surge, despite a recent 10% dip. He believes the cryptocurrency is poised to break its current record high of around $108,200.
Bitcoin’s Peak and Subsequent Plunge
While optimistic about a new all-time high, Zeberg cautions that this won’t last. He expects the rally to be short-lived, followed by a significant price drop. His prediction? A potential 84% decline from the peak, settling around $16,000.
Altcoins Ready to Explode?
Zeberg’s bullishness extends beyond Bitcoin. He sees a massive altcoin rally on the horizon, fueled by a decrease in Bitcoin’s dominance of the crypto market. He warns, however, that this altcoin boom will be brief, acting as a final “blow-off” phase before a major bear market begins.
A Word of Caution
It’s important to remember that these are predictions, and the cryptocurrency market is notoriously volatile. Any investment decisions should be made after thorough research and consideration of personal risk tolerance.
