Cryptocurrency in the middle of winter bitcoin While it continues to fluctuate, uncertainties about the future confuse investors.
After the big crash of investors in 2022, will cryptocurrencies recover again? When will it recover? We see you asking the question. The difference in this question shows that the expectations for the future of the sector are preserved.
Knowing that there will be a major market crash in 2022 and that the markets will enter a bear market, economist Harry Dent explained his expectations for Bitcoin in a radio show.
Believing in the future of the cryptocurrency industry, Dent defined crypto as “the next big thing in human history”. But his expectation of prices was a little more frightening.
The Great Crash Is Not The End Of The Industry
Reminding that the growth in the crypto money market is similar to the Dotcom bubble, Dent said that there will be a major collapse before new records.
Reminding that the collapse in Bitcoin should not be interpreted as the end of the crypto market, Dent gave the example of Amazon.
“I liken the retail investor habit in cryptocurrencies to the dotcom bubble of the 90s. Amazon was the forerunner of this bubble, and it lost 95% of its value before the next burst.”
Describing cryptocurrencies as “the next big thing in human history,” Dent said:
“Speaking at the conference, one man described crypto as the “digitalization of all financial assets and money.” Until then, I realized that I did not understand this field either. There is something bigger than all the financial assets in the world.”
“An Explosion Like Dotcom Hasn’t Happened Yet”
Saying that there will be a collapse similar to the Dotcom bubble and there is no need for a reason for this, the economist stated that the most damaged one will be Bitcoin. Dent, He also stated that he has a price target of $7000 for Bitcoin.
*The information contained herein is the personal opinion of the economist. It is not investment advice in any way.
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