The US dollar loses ground, inflation pressure is increasing and according to top economists the markets are about to have a historical correction. In a conversation on the YouTube channel of Robert Kiyosaki, economist Harry Dent expressed strong concerns about the future of Bitcoin (BTC), Nvidia and the Nasdaq 100, among others.
Warning: ‘We are just in front of a large reset’
Harry Dent has been keeping a close eye on the market for years and according to him it doesn’t look good. “There are three graphs on my desk that give me worries: the Nasdaq 100, Bitcoin and Nvidia,” he says. “They shoot up, but within a falling pattern. That is often the sign that we are close to a peak – and then it usually goes down fast.”
According to Dent, Nvidia in particular is a ticking time bomb. The chip giant benefited enormously from the AI ​​hype, but Dent thinks the party is almost over. “Maybe there is one or two percent rise in, but after that I see the same downward forces that also touch the rest of the market.”
Bitcoin and crypto not immune
According to Dent, Bitcoin, too, does not hold the correction. Although the Bitcoin rate is above $ 115,000, he sees the cryptomarkt as vulnerable. “Bitcoin can change the world, but does not escape the crash. It is revolutionary, but still extremely volatile.”
Although Dent remains optimistic about the long -term impact of technologies such as Blockchain and AI, he expects that in the coming years will mainly revolve around ‘cleaning’. “The shakeout is needed to purify the sector from surplus hype. Only then does the real growth come.”
Kiyosaki: ‘Trade your dollars for gold and silver’
Kiyosaki, author of Rich Dad Poor Daad, joins the warnings of Dent. He calls on investors to distance themselves from what he calls “fake money” and to focus on hard assets such as gold and silver. Both precious metals have shown a solid increase this year: gold with 28 percent and silver with 29 percent, with which it almost affects the limit of 40 dollars per ounce.
Source: https://newsbit.nl/grootste-crash-ooit-volgens-kiyosaki-en-econoom-dent-bitcoin-nasdaq-en-nvidia-staan-op-instorten/
