Harry Dent, finance editor at the Financial Times, has said that Bitcoin and stock markets will be much lower in 2020 than they were in 2008. financial crisis.
This bold prediction is made at a moment when both the US economy, and Bitcoin itself are on a path to new highs. Dent said that this will be the year of the largest crash for the Millennials, Gen Z and the younger generations.
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US Economy: Bitcoin to $200 in the near Future Due To A New Crash.
According to the analyst in an interview Fox News The housing bubble may be the domino that falls first in 2024. The ripples of the fall will create a domino effect that’ll affect the S&P, the US economy, and Bitcoin, he said.
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“I think 2024 is going to be the biggest single crash year we’ll see in our lifetimes. This crash is not going to be a correction,” He said this during the interview. Bitcoin currently trades at $66,300, while the US is still recovering from COVID-19.
Robert Kiyosaki is the author of “The Author”. financial Rich Dad Poor Dad, a self-help guidebook that was published in 2007, acknowledged this prediction. He stated that if the predictions come true, then he’ll begin to buy Bitcoin at lower rates.
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“Harry Dent is predicting the biggest ‘everything’ crash is coming. He is saying the ‘Baby Boom Generation’ will be the biggest losers, as their homes crash in value. He says the S&P will fall by 80%,” Bitcoins are falling in value to around $200.
Kiyosaki stated that he was a skeptic. “hopes” Dent’s right, as this will give Bitcoin investors the opportunity of a life time to purchase Bitcoin. “I hope Harry Dent is right. Even if he isn’t those who are holding gold, silver, and Bitcoin will be richer,” He tweeted.
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Source: watcher.guru
