2024

when

Bubble

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/henrik-zeberg-predicts-major-economic-weakness-in-2024/" data-wpel-link="internal">Henrik Zeberg Predicts Major Economic Weakness in 2024</a> 
Economist Henrik Zeberg had previously drawn attention with his prediction of signs of weakness in the US economy by mid-2024. Now, he is warning that the cryptocurrency market will experience a major crash in the coming months. 
<h2 style="text-align: justify" id="strong-the-biggest-bubble-of-the-last-100-years-strong">“The Biggest Bubble of the Last 100 Years”</h2> 
In an interview with the Metals and Miners YouTube channel, Zeberg stated that the US economy is experiencing the biggest bubble of the last 100 years. The economist emphasizes that the market value to GDP ratio of the US stock market is almost twice the level before the Great Depression of 1929. 
Zeberg said, “According to the market value/GDP ratio, we are experiencing the biggest bubble in history. Everyone can see this. When we came out of the 2008 financial crisis, a market value/GDP ratio of 109% was a bubble. And in 2000, we laughed at a ratio of 130% saying, ‘How did we not see this?’ 1929 was also 109%. What happened now? We are currently at 200%,” he stated. 
<h2 style="text-align: justify" id="strong-he-expects-cryptocurrencies-to-be-seriously-affected-when-the-bubble-bursts-strong">He Expects Cryptocurrencies to Be Seriously Affected When the Bubble Bursts</h2> 
The economist warned that cryptocurrencies would also be seriously affected when the bubble bursts but added that both stocks and cryptocurrencies would peak before this crash, saying, “We also have a cryptocurrency bubble. 99% of the existing cryptocurrencies will disappear, but this won’t happen immediately. We will see the biggest bubble of all time. We will see a magnificent peak rise, but the situation of Dogecoin (DOGE) being worth 15 billion dollars is ridiculous. This is a bubble and it will burst.” 
In January, Zeberg stated that 2024 would be a volatile year and that the business cycle would end. In April, he predicted that Bitcoin (BTC) would rise to $115,000 and then the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">bull market</a> would peak. Currently, Bitcoin is trading at $59,596, up 2% in the last 24 hours. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-379232" src="https://coin-turk.com/wp-content/uploads/2024/08/Kripto-Para-Piyasasi.png" alt="" width="559" height="309"> 
Given Zeberg’s warnings, it is understood that investors should be cautious and prepared for a potential crash. The economist’s evaluations bring back discussions about when the bubble in the markets will burst, while the prediction of a significant decline in the <a href="https://en.coin-turk.com/three-altcoins-experienced-significant-gains-worth-following/" data-wpel-link="internal">cryptocurrency market</a> may worry investors. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/henrik-zeberg-predicts-major-economic-weakness-in-2024/" data-wpel-link="internal">Henrik Zeberg Predicts Major Economic Weakness in 2024</a></h5>
The post <a href="https://en.coin-turk.com/henrik-zeberg-predicts-major-economic-weakness-in-2024/" data-wpel-link="internal">Henrik Zeberg Predicts Major Economic Weakness in 2024</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Henrik Zeberg Predicts Major Economic Weakness in 2024

Table of Contents

COINTURK NEWS

Other articles published on Aug 13, 2024

SKALE Introduces Swell: A New Platform to Onboard Web3 Users

X Hit by DDoS Attack, Delaying Trump-Musk Interview

BlackRock’s Bitcoin ETF Sees Significant Success

World’s first fully anonymous DAO created to ‘defend freedom’

Tether Treasury Minted 1B USDT on Ethereum

Implications of Bitcoin Exchange Reserve Plunging to Lowest Since 2018 on BTC Value

Join our free newsletter for daily crypto updates!