Economist warns of biggest bubble of our time - and crypto crash

Great Depression: An economist expects the worst crash of our time. Crypto would be doomed. Here are the reasons.

Harsh words: Economist Henrik Zeberg warns of the biggest bubble of the past 100 years. And of a crypto-crash. He said this in an interview with the YouTube channel Metals and Miners.

His reasoning: The ratio of market capitalization of stocks to gross domestic product is almost twice what it was in the late 1920s. Shortly thereafter, the economy collapsed at the time and the Great Depression began. At that time, the ratio was 109%, also prior to the 2008 stock market crash. This time it is 200%.

His prediction for crypto is bleak: "We also have a crypto bubble. 99 percent of the cryptocurrencies we have out there will implode," said the economist. According to Zeberg, however, this may take some time: "They won't implode now. We will experience the biggest bubble of all time." Bitcoin will rise to $115,000 and then collapse. The crash would begin next year, according to his prediction.

Henrik Zeberg is an analyst for Swissblock, a private wealth management firm with a focus on crypto. He has nearly 150,000 followers on X and publishes the Zeberg Report on Substack, covering precious metals, stocks and crypto.