“Similar to the chart shown before the rapid adjustment”
Harry Dent, an American economist and best-selling author of ‘Population Cliff,’ has warned about Bitcoin and Nasdaq.
On the 22nd (local time), cryptocurrency media pinbold reported that Dent appeared on Robert Kiyosaki’s ‘Rich Dad’ channel and pointed out the charts of Bitcoin, Nasdaq 100, and NVIDIA. “The market has experienced explosive growth in technology and artificial intelligence (AI) cryptocurrency assets,” Dent, an authority on long-term financial cycle research, stated. “All three stocks are on the rise, but they are within a falling trend line. This technical situation appeared historically before rapid adjustments.” He added, “in the case of NVIDIA, it can rise by 1-2%, but this rise is not sustainable, and an adjustment throughout the technology stock sector is inevitable.”
He emphasized that cryptocurrency cannot avoid this downturn. While Bitcoin recently surpassed $115,000 (approximately 160 million won) and Ethereum reached $4,300, he believes, “If risky assets are shaken, funds will escape from cryptocurrency.” He acknowledged the innovative potential of cryptocurrency but stated it is “inevitable at this stage.” Dent also said,”This crash will eradicate excessive speculation and lay the foundation for the ‘real growth cycle’ over the next few years.”
Kiyosaki agreed wiht Dent’s outlook, urging, “Investors should prepare for the biggest plummet in history.”
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