Shocking Bitcoin & Stock Crash Coming Before BTC Becomes Future Of Global Economy: Harry Dent
Investor and financial writer Harry Dent just issued a massive warning about both crypto and the stock market.
In a new interview for the David Lin Report, Dent says an imminent crash will devastate Bitcoin and stock investors — and pave the way for BTC’s rise as the future of the global economy.
Dent says the coming crash will likely happen by July and its impact on Bitcoin will mirror Amazon’s dot-com crash in the early days of the internet. And once the smoke clears, Dent believes BTC will soar like a phoenix.
“[After the crash], people will say that Bitcoin was just total crap. It was just a big scam.
No — that’s exactly what Amazon and the dot-coms did. [The crash] will prove to me even more that this bubble – the size of this crypto bubble – says this is no joke. That’s the next big thing to happen. It mirrors and mirrors the the.com bubble perfectly…
The crash should be equally bad, 95% to 96% the way Amazon and the dot-coms went under. And then Bitcoin will continue to boom for decades to come.”
According to Dent, Bitcoin’s rise to an all-time high of around $69,000 in 2021 was just the beginning, and its future will be fueled by the rise of millennials.
“This is just the baby bubble in a longer boom that won’t peak until the 2030s, when US millennials will peak in their spending cycle…
And it’s not [just] Bitcoin. Bitcoin is just a kind of guide dog here. Blockchain is a way to replicate all financial services. It’s basically a revolution, especially in financial services…this is a wealth revolution. This is a revolution in financial services ushered in by blockchain technology.”
As for when Dent’s prediction will come true, he says the coming crash will happen by July.
And while he’s also optimistic about Ethereum and its usefulness, Dent says Bitcoin has already beaten gold and its sheer size and brand awareness will ensure it remains the market leader.
“I see bitcoin becoming the standard for a digital world economy. Gold has historically been that monetary standard in a materially less information-intensive economy. Gold cannot be that standard. It’s not the new economy.
Bitcoin is the new economy and it’s big enough to be that standard and that’s why I see Bitcoin will survive because Ethereum is otherwise doing a lot more useful things than Bitcoin.”
Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox
Check the price action
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Check the latest headlines
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Shutterstock/Stippled Yeti/Chuenmanuse
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.