Renowned macroeconomist Henrik Zeberg has issued a stark warning about Bitcoin (BTC), describing it as being in the “most extreme bubble ever.” He advises investors to brace for a catastrophic downfall once the current surge reaches its zenith.
Zeberg’s pessimistic perspective sharply contrasts with the optimistic sentiment prevalent on Wall Street and in financial media, where Bitcoin’s robustness amidst global economic uncertainty is frequently lauded.
The economist highlighted that this widespread optimism resembles attitudes observed during past market bubbles, where public fervor often foreshadowed significant crashes. He shared these insights in a post on X dated October 15.
In the near term, it is crucial for Bitcoin to remain above the $110,000 support level to keep alive hopes of challenging the $115,000 resistance threshold again.
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