The dollar is weakening, inflationary pressure is rising, and, according to some experts, US markets are approaching the largest reset in modern history. Speaking on August 20 on Robert Kiyosaki's channel 'Rich Dad', economist and author Harry Dent issued one of his sternest warnings that the three most important financial charts of bitcoin (BTC), Nasdaq 100, and Nvidia clearly signal an impending recession. Harry Dent, known for his research on long-term cycles, noted that the recent acceleration in the growth of technology, cryptocurrency, and artificial intelligence-related assets has reached a point in the life cycle of the industry where a crash is practically unavoidable.
Nvidia is the only one that has not yet peaked; possibly, it has one or two percent left, but then the same forces will come into play. We have seen a huge impulse; these new technologies have received powerful development, and now the cycle indicates a correction, wrote the economist.
Bitcoin is also under Dent's scrutiny. Despite the fact that in mid-August BTC rose above $115,000, and Ethereum reached $4,300, Dent believes that cryptocurrencies remain vulnerable to capital outflows due to their status as risky assets.
Cryptocurrency is decentralization and automation of finance. This is undoubtedly a revolutionary process, but it is still in its nascent state. This means volatility. Bitcoin can change the world, but it cannot avoid the next crash, added the expert.
At the same time, Dent emphasized that he remains optimistic about the long-term transformational potential of AI and blockchain. Interestingly, the words about the crash resonated with Robert Kiyosaki, who has long advised investors to prepare for the 'largest crash in history.' He urged readers to reduce the influence of 'fake money,' such as the US dollar, and switch to real assets in the form of gold and silver. This year both metals demonstrated strong growth: since the beginning of the year, gold has risen by 28%, and silver by 29.
