Economist Henrik Zeberg Says Altcoins Set To Go ‘Flying’ in Blow-Off Top Style Euphoric Bull Run
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Economist Henrik Zeberg predicts that the altcoin market will experience a parabolic run to new highs before a global economic recession. Zeberg looks at the TOTAL-ETH-BTC chart, which measures the market cap of crypto assets excluding Bitcoin and Ethereum, and expects it to reach the $1.83 trillion level. He also suggests that central banks like the Federal Reserve and the European Central Bank tend to cut rates before a recession. Both the Bank of Canada and the ECB have recently lowered interest rates, and the Federal Reserve is expected to keep rates unchanged at its upcoming meeting. Zeberg believes that the current phase is either a late cycle or the beginning of a new economic expansion.
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