Economist Henrik Zeberg predicts a massive surge in Bitcoin and other cryptocurrencies. He believes this surge will be fueled by central banks’ attempts to prop up a slowing global economy.
A Looming Recession and Central Bank Intervention
Zeberg, who boasts a large following on X (formerly Twitter), sees the global economy transitioning from growth to contraction. He anticipates a recession but thinks central banks will respond by printing money – a move he believes will boost Bitcoin and crypto. He explains that this injection of liquidity will be a short-term fix, delaying but not preventing the inevitable recession. He compares the situation to a ship hitting an iceberg – the liquidity is like a temporary patch, but the ultimate damage is unavoidable.
The Final Rally Before the Crash?
Zeberg has previously predicted a significant final rally in Bitcoin and crypto before the economic downturn. He points to early signs of contraction in the US economy as evidence that the Federal Reserve will soon resort to printing money to stimulate growth. This, he claims, will send the stock market, Bitcoin, and altcoins soaring.
At the time of writing, Bitcoin is trading at $84,443.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
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