Economist Henrik Zeberg is predicting a massive rally for Bitcoin and other cryptocurrencies. He believes the US economy is on the brink of a serious recession, forcing the Federal Reserve to print more money. This influx of cash, he argues, will trigger a massive price surge in the crypto market.
A Recession on the Horizon?
Zeberg points to projections from the Atlanta Federal Reserve, which forecast a 1.5% contraction in US GDP during the first quarter of 2025. He believes this will lead Fed Chair Jerome Powell to reverse course and flood the market with US dollars, a move he says will initially boost markets before the recession hits. He warns that this is a “blow-off top” rally, meaning a final surge before a significant downturn.
Bitcoin’s Recent Dip: A Healthy Correction?
Zeberg views Bitcoin’s recent drop to around $78,000 as a necessary correction, eliminating excessive leverage and paving the way for a more sustainable uptrend. He sees the current price as a healthy test within a larger bull market.
The Upcoming Rally: Bitcoin, Stocks, and Altcoins
Zeberg’s predictions extend beyond Bitcoin. He anticipates strong rallies in stocks (Nasdaq and S&P 500) and altcoins, all part of this predicted “blow-off top” event. He emphasizes that this rally will precede a significant recession. In short, he’s saying get ready for a big jump, but be prepared for a fall afterward.
Disclaimer:
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before making any investment decisions.
