Financial Expert Foresees Huge Drop in Crypto Markets Amid U.S. Bubble Burst

A well-known economist who previously forecasted signs of economic strain in the U.S. by mid-2024 now anticipates a severe collapse in the cryptocurrency market.

Henrik Zeberg, in a recent interview on the Metals and Miners YouTube channel, argues that the U.S. is experiencing its most significant financial bubble in nearly a century.

Zeberg notes that the ratio of U.S. stock market value to GDP has soared to unprecedented levels, far exceeding those seen before the Great Depression.

He highlights that today’s ratio is roughly double what it was in the late 1920s, suggesting an even larger bubble than previous historic highs.

Looking ahead, Zeberg predicts that this bubble will adversely affect the crypto market, leading to a substantial downturn. He foresees a dramatic final surge in asset values, followed by a crash that will hit cryptocurrencies hard.

Zeberg is particularly critical of the current valuations of digital assets like Dogecoin, labeling them as part of a larger speculative bubble poised to burst.

Previously, Zeberg had anticipated significant volatility in 2024 and projected that Bitcoin could reach $115,000 before facing a market peak.