A well-known economist is doubling down on his prediction of a massive rally in crypto and the US stock market, even after recent market dips. Henrik Zeberg, who has a large following on social media, says it’s too early for a crash and that we’re still on track for a big boom.
A “Blow-Off Top” Coming Soon?
Earlier this year, Zeberg predicted a “blow-off top” – a period of intense growth followed by a sudden collapse – for both stocks and crypto. He believed the Federal Reserve would step in to save the economy by printing more money if the US headed towards a recession.
With the S&P 500 dropping 3% on Monday, Zeberg says his prediction is playing out. He expects the Fed to intervene and fuel another rally, but warns that it won’t be enough to prevent a major crash in the long run.
Crypto to Soar Before Crashing
Zeberg also believes crypto will experience a massive surge, reaching its peak in October before crashing. He expects smaller companies and crypto to be hit hardest by the eventual downturn.
Don’t Get Carried Away
While Zeberg’s prediction is attracting attention, it’s important to remember that investing in crypto and stocks is risky. Always do your own research and don’t invest more than you can afford to lose.
