Economist and macro strategist Henrik Zeberg is predicting that the crypto markets will see a massive surge to the upside as a powerful altcoin season looms.
In a new thread, Zeberg tells his 196,600 followers on X that support from the Federal Reserve will cause a powerful altcoin season and send the crypto markets skyrocketing.
“And now…. market expects more FED support (and it is going to come)…. and crypto will explode higher! But it is the final phase! Blow off top. And YES – there will be a powerful altseason.”
However, Zeberg goes on to note that following this surge, things look grim for all assets – including stocks and Bitcoin (BTC), the top digital asset by market cap – as a recession that even the Fed cannot stop nears.
“‘Liquidity cannot stand the turn of the business cycle’ (no matter what liquidists try to tell us). Recession is coming! And it will crush stocks. BTC will get absolutely slaughtered. Crypto annihilated! The largest bubble ever will burst – no matter what the Fed tries to do.”
Zeberg’s chart appears to indicate massive dips for the S&P 500 after major financial events, such as the dot-com bubble burst of the late 90s/early 2000s and the global financial crisis of 2008.
According to the economist, the Fed should cut interest rates by 0.5% this month, a move he predicted months ago.
The flagship digital asset is trading for $110,769 at time of writing, a fractional increase during the last 24 hours.
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