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Economist Harry Dent warns: 17-year bubble about to burst, the market will witness the worst disaster
According to the latest news about Harry Dent, the renowned economist and founder of HS Dent Company, he has issued alarming warnings about the global economic situation. In a televised interview with David Lim on December 22, he emphasized that the bubble cycle lasting over a decade and a half is approaching its breaking point.
Stock Market Forecast: Sharp Decline Expected
Dent predicts that stock prices could plummet by up to 90% by 2026. He states that this will be the worst recession ever, driven by excessive speculation across various markets. Not only the stock market, but bubbles are also present in real estate and digital assets.
Bitcoin and Cryptocurrencies Face Major Risks
In this economic context, Bitcoin — currently trading at $87.26K — is also expected to come under strong pressure. According to Harry Dent, Bitcoin could drop to $30,000 in 2026, and in the worst-case scenario, it could fall to $15,600 USD.
Alternative Currencies Also at Risk
The economist emphasizes that notable alternative currencies are trapped in a massive bubble due to debt factors. Additionally, stocks related to (AI) are showing signs of the final stage of speculative fever, further increasing concerns about an upcoming market correction.