Top Trader Henrik Zeberg Braces for Crypto’s Potential Historic Crash, Echoing 1929

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Henrik Zeberg, a well-known trader, is sounding the alarm bells for what he believes could be the most substantial financial crash since 1929. His repeated warnings throughout the year emphasize an impending economic collapse expected around 2024-2025.

Biggest Crypto Crash Nearing: Brace for Impact!

Despite this bearish outlook, Zeberg has an unexpected take: he predicts record highs for the S&P 500 and Nasdaq before the inevitable crash. This twist in sentiment suggests a drastic shift from bears to bulls just before the market’s historical nosedive. 

He anchors his predictions in a detailed analysis of economic indicators like U.S. unemployment rates, the NAHB Housing Market Index, and stock market trends. His stark comparison between the current economic climate and the pre-1929 crash era accentuates the gravity of the impending crisis. Also, current events are affecting the crypto space.

For example, Argentina’s foreign affairs minister explained a new economic decree that allows Bitcoin settlements. In the British Virgin Islands, a court froze the assets of 3AC co-founders, and ex-FTX CEO Sam Bankman-Fried’s sentencing request was turned down.

Adding weight to his predictions, Zeberg forecasts a pivotal moment labeled the “Blow Off Top” in 2024—a pinnacle preceding a prolonged financial downturn. This projection hints at a seismic shift that could severely impact bullish investors worldwide.

Zeberg highlights cryptocurrencies as a risk-laden asset class particularly vulnerable to this impending market turmoil. His warnings are triggering ripples of concern among global investors, urging caution and careful consideration of future financial strategies.

Market Impact 

In the recent crypto market movement, Bitcoin (BTC) saw a modest increase of 0.88% to $44,063.79, trading between $44,240.67 and $43,387.92. Ethereum (ETH) surged by 2.36% to $2,253.97, while Solana (SOL) experienced a significant 17.04% gain, reaching $98.33 and overtaking Binance Coin (BNB) for the 4th spot in market rankings. BNB rose 5.64% to $272.65, and XRP increased by 0.84% to $0.6207. 

Cardano (ADA) also observed a 4.93% increase, trading at $0.624. In the meme coin segment, Dogecoin (DOGE) climbed 2.46% to $0.09377, substantially increasing trading volume. In comparison, Shiba Inu (SHIB) surged 2.84% to $0.00001052, also experiencing an uptick in daily trading volume.