Popular economist Henrik Zeberg believes Bitcoin (BTC) and crypto will witness a huge burst to the upside due to central bank intervention.
Zeberg tells his 179,800 followers on the social media platform X that he thinks the global economy is slowing down to the point that it is transitioning from growth to contraction.
While the analyst believes that a recession is in sight, he says central banks will likely step in and prop up the economy with money printing, which will benefit Bitcoin and crypto.
“We are at an important inflection point in the Business Cycle.
From my perspective, the Economy is NOT crashing yet – but it is rolling over!
At this point, we should begin to see liquidity surge as the central banks will try to plug the holes of the economy.
They will likely be short-term successful. Markets may rally strongly in the final phase. Crypto may explode higher.
However, the Titanic has hit the iceberg – and liquidity will only delay the inevitable. The Recession later as the labor market now begins to weaken over the coming months.”
The economist has been calling for a blow-off top rally for Bitcoin and crypto, believing that the markets will witness a final leg up before the economy collapses. Last month, he said that the US was showing early signs of a contraction, leading him to believe that Fed Chair Jerome Powell would abruptly pivot and print dollars to stimulate the economy.
He also said that the stimulus would send the US stock market, Bitcoin and altcoins flying.
At time of writing, Bitcoin is trading for $84,443.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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