Harry Dent and the forecast of the stock market crash 2025. Will Tesla, Nvidia and Bitcoin shares fall by 99 percent?
Economist Harry Dent calls for caution and protection of his assets. “This is the longest period without a recession or a serious crash since the stock exchange was created,” he said in an interview with thinkadvisor.com. His main message is: sell shares and invest only in the safest bonds.
Over the years, some of Denta's predictions have proved to be accurate, in particular the cracking of the speculative bubble in Japan in 1989 and the recession and the movement, which in 2016 introduced Donald Trump into the White House. History also shows that many of Denta's predictions have not worked – reminds Thinkadvisor.com.
Dent predicts that Tesla, Nvidia and Bitcoin, or “the hottest actions”, will fall by 99 percent. As he assesses, “Crach of Life” is approaching. “This event happens once in a life or once every 40 years,” he argues.
Harry Dent forecasts a crash on the stock exchange in 2025.
According to the economist, the markets are overvalued. “I do not think that the risk justifying being on the market now. If the crack worsens in the summer, I will say:” stay away from afar and can come back “,” he says.
“Be careful. This is the longest period without a recession or a serious crash since the stock exchange was created. I do not count what happened during Covid; it was only a short situation and an external event” – he adds.
Is the “crash of life” that will shake financial markets?
According to Denta, there is a chance that the bubble will start to crack this year. “People at the beginning will think it's a correction. Then he'll get worse. And before you look back, it will be a crash of life,” he warns.
“We have a bubble of everything, and this has never happened before: everything bubble at the same time,” he adds.
Watch out for bitcoin. What to invest in?
As he assesses, people must protect their assets: sell them and invest in something safe. In his opinion, gold prices remain at an early stage of the recession, but ultimately fall.
He reminds that the only thing that “won” during the financial crisis in 2008 was tax bonds. He advises, therefore, to invest in the safest bonds: AAA corporate bonds or tax bonds, because they are a safe haven when share, real estate and even gold prices fall.
The economist estimates that there are many signs that indicate recession. “I would assess the chances of a lack of serious recession in the next four years as close to zero as possible,” he argues.
Source: Thinkadvisor.com
