Macroeconomist Henrik Zeberg has warned that Bitcoin (BTC) is in the “most extreme bubble of all time,” cautioning investors to expect a devastating collapse once the ongoing rally reaches its final peak.
Zeberg’s bearish outlook stands in contrast to the prevailing bullish narrative dominating Wall Street and financial media, both of which continue to celebrate Bitcoin’s resilience amid global macro uncertainty.
The economist cautioned that this widespread enthusiasm mirrors the sentiment seen during previous market bubbles, where public excitement often preceded severe downturns, he said in an X post on October 15.
In the short term, Bitcoin needs to hold above the $110,000 support to maintain hopes of retesting the $115,000 resistance.
Featured image via Shutterstock