$BTC Bitcoin Will Climb to $150,000, Then Collapse to Levels Not Seen Since 1929, Says Economist
Zeberg posits seven arguments as the core argument. Our Business Cycle has signaled a recession for 2023," Zeberg claims. Our Equilibrium Line has been wrecked by Leading Indicators. Our Model's Recession Signal has NEVER been incorrect in 80 years of data. Absolute fidelity at all times! The foundation of his pessimistic prognosis is this model, which has been consistently accurate over eight decades.
A well-documented precursor of economic downturns, yield inversion, is also explored by Zeberg. "From the bottom of the Yield Inversion, we normally see 12-15 months before a recession sets in," Zeberg notes, highlighting the signal's historical dependability despite experts dismissing it in 2023 due to impatience. This signal is really vibrant! Many people underestimate this crucial metric, as his comments show.
Zeberg brings Bitcoin to the forefront of this gloomy economic prediction. He thinks the cryptocurrency will see a short burst of excitement before its value reaches an all-time high—possibly as high as $150,000.
"Stock Market and Crypto will SOAR into early 2024," Zeberg says, describing a very different future. Then euphoria sets in. Exactly when the equity and cryptocurrency markets reach a huge peak, everyone will be thrown off course. A few months down the road in 2024, we enter recession.
Finally, Zeberg concludes that a severe recession is on the horizon, based on his research. He makes the stern observation that, "The Titanic has already hit the Iceberg - and it will sink," before writing off the involvement of the Federal Reserve or any government as fruitless.
