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Bitcoin and Nasdaq in a tech bubble, warns Henrik Zeberg: predicts a drop to 2022 levels
The macroeconomist recently stated that Bitcoin (CRYPTO:BTC) and the Nasdaq stock index are in a technology-driven bubble and predicted a crash that could bring both assets back to 2022 levels.
Is the crash of Bitcoin and Nasdaq imminent?
In a post on X, he argued that Bitcoin is not a "special asset" but a "high-risk asset" that moves in unison with tech stocks.
He then stated that the Nasdaq is in a "great bubble," with its market capitalization to GDP ratio exceeding the levels seen during the 2007 financial crisis.
"The second tech bubble is developing. BTC is part of it. And the ceiling will come when the recession approaches."