Shocking Bitcoin and Stock Crash Comes Before BTC Becomes Future of Global Economy: Harry Dent

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Financial investor and author Harry Dent just released a massive warning about crypto and the stock market.

In a new interview on the David Lin Report, Dent said an impending crash would devastate Bitcoin and stock investors and pave the way for BTC to emerge as the future of the global economy.

Dent says the upcoming crash will likely occur by July, and its impact on Bitcoin will echo Amazon’s dot-com crash in the early days of the internet. And once the smoke clears, Dent thinks BTC will rise like a phoenix.

[After the crash], people will say Bitcoin was just a total BS. It was just a big hoax.

No, that’s exactly what Amazon and the dot-coms did. [The crash] will even prove to me more than this bubble the size of this crypto bubble says this is no joke. This is the next big thing that happens. It perfectly reflects and echoes the.com bubble

The crash should be just as bad, 95% to 96%, which is how Amazon and the dot-coms fell. And then Bitcoin will have the big boom for decades to come.

According to Dent, Bitcoin’s 2021 rise to an all-time high of around $69,000 was just the beginning, and its future will be fueled by the rise of millennials.

It’s just the small bubble of a longer boom that won’t peak until the 2030s, when America’s millennials will peak in their spending cycle.

And it’s not [just] Bitcoin. Bitcoin is just kind of a lead dog here. Blockchain is a way to rebuild all financial services. It’s basically a revolution, especially in financial services, it’s a wealth revolution. This is a revolution in financial services ushered in by blockchain technology.

As for when Dents’ prediction will come to fruition, he says the upcoming crash will occur by July.

And while he’s also bullish on Ethereum and its usefulness, Dent says Bitcoin has already beaten gold, and its size and brand recognition will keep it the market leader.

I see Bitcoin becoming the standard for a digital global economy. Gold in the past was that monetary standard in a more material and less information-intensive economy. Gold cannot be that standard. This is not the new economy.

Bitcoin is the new economy and it’s big enough to be that standard, and that’s why I see Bitcoin will survive, because otherwise Ethereum does a lot more useful things than Bitcoin.

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