Financial editor Harry Dent has predicted that the biggest crash in the US economy could occur this year in 2024, in which case Bitcoin and the stock market would fall more than they did during the 2008 financial crisis.
This bold prediction comes as the U.S. economy and Bitcoin are on the verge of hitting new all-time highs. Dent explained that Millennials and Gen Z will experience the biggest crash of their lifetimes this year.
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US Economy: A bigger crash is coming, Bitcoin will hit $200
The analyst said in an interview with FOX News that the housing bubble could be the first domino to fall in 2024, with the ripples of the decline creating a domino effect that will impact the S&P, the US economy, and Bitcoin. He said it would be.
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“I think 2024 will be the year of the largest single crash that we will experience in our lifetimes. This crash will not be a correction, but” he said during the interview. Bitcoin is currently trading at the $66,300 level as the US economy recovers from the coronavirus era.
Robert Kiyosaki, author of the financial self-help book Rich Dad Poor Dad, confirmed the X prediction. He emphasized that if that prediction comes true, he will start accumulating large amounts of cheaper Bitcoin.
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“Harry Dent predicts the biggest 'everything' crash is coming. He argues that “baby boomers” will be the biggest losers as home values plummet. He says the S&P will fall 80%. ” Bitcoin has fallen to $200 in the US economy.
Mr. Kiyosaki said: “Hope” Mr. Dent's point is correct. That's because it gives investors a once-in-a-lifetime chance to buy Bitcoin. “I hope Harry Dent is right. Even if he's not, people who have gold, silver and Bitcoin will be richer.” he tweeted.
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