BTC - Economist Predicts Major Altcoin Surge Before Recession: 'Altseason Will Send Alts Flying' | Benzinga
Ahead of a potential recession, economist Henrik Zeberg has forecasted a significant rise in the altcoin market, suggesting a euphoric bull run is imminent.
What Happened: Zeberg has forecasted a significant rise in the altcoin market, Daily Hodl reported on Monday.
Zeberg is analyzing the TOTAL-ETH-BTC chart, which tracks the market cap of all crypto assets excluding Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). He believes this chart indicates an upcoming parabolic run for altcoins.
“U.S. Equities and Crypto will soar into the final – and most speculative phase – of this Business Cycle. Altseason will send Alts flying,” Zeberg said.
Additionally, Zeberg presented a chart showing that central banks, such as the Federal Reserve and the European Central Bank (ECB), typically reduce rates just ...