The recent instability in the cryptocurrency market, stifled by rising interest rates and rising inflation, has led many analysts in the industry to predict a market crash in 2022. In an interview, Harry Dent, economist and founder of HS Dent Publishing, discussed the market outlook for gold, Bitcoin (BTC) and equity markets. As KriptoKoin.com, we are giving the details…
Bitcoin will crash before it rises to these levels, gold will explode
The instability in the crypto money market, which is suppressed by increasing interest rates and increasing inflation, continues . According to Mr. Dent and the current situation in the cryptocurrency market, he warned that Bitcoin (BTC) could fall as low as $3,000 before rising to $500,000 in a future market boom. Harry Dent said:
The leading cryptocurrency will collapse. My estimation is that Bitcoin could drop as low as $3,000 or $7,000 and then go from half a million to a million in the next global boom (2037). He thought that the current crisis after the biggest bubble in history would show that not only was it possible to print money, but also that countries wanted a new standard – something for original and digital.
Interestingly, although the economist predicts that gold will rise to between three and five thousand dollars in the next boom, he also admitted that it will not be the “standard” countries are looking for. The analyst also said:
The world will love Bitcoin in the long run. I think Bitcoin will be the new digital standard for money and that standard, so everything else is crypto. I think Bitcoin will become the global standard. It’s not there yet, it’s not big enough, it’s not widely accepted, but I think it’s going to drop the most.
The analyst talked about the financial recession for 2022
The economist predicted the “biggest financial recession ever” for 2022 in January and that the first collapse was 2022. It is worth noting that he proposes that it should take place in the first three months of the Indeed, markets have performed significantly worse since he made this forecast. However, he did not take into account Russia’s invasion of Ukraine while making this prediction. When things keep going up, people need to realize something is wrong in order to reconsider the high valuations.
Goldman Warns: Gold and Bitcoin Investors Should Prepare for May! Bitcoin has experienced a decrease of about 30.3 percent in the last 1 year. Although the leading cryptocurrency seems to be in a downtrend for a year, it has only given a high part of its losses in the last 1 month. BTC has lost about 26.5 percent of its value in a 30-day period.
