Macroeconomist Henrik Seberg has warned that Bitcoin (BTC) is in the “most extreme bubble in history,” warning investors to expect a catastrophic crash once the ongoing bull market reaches its final peak.
Zeberg's bearish outlook stands in contrast to the prevailing bullish view dominating Wall Street and financial media, which continue to praise Bitcoin's resilience amid global macro uncertainty.
The economist warned that this widespread enthusiasm reflects sentiments seen during past market bubbles, when public excitement often preceded severe economic downturns, he said in an Oct. 15 XPost.
In the short term, Bitcoin will need to sustain above the $110,000 support to sustain expectations of retesting the $115,000 resistance.
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