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BitcoinSistemi 2024-12-03 05:52:06

Economist, Who Was Ultra Bullish Days Ago, Issues Red Alert About Bitcoin

Renowned crypto-focused economist Timothy Peterson has issued a stern warning about the economic outlook, predicting a major bear market and a potential recession on the horizon. Peterson, who is known for developing a unique economic metric called the Secular Market Indicator, shared his concerns in a public statement that sparked controversy among investors. Peterson introduced his Secular Market Indicator six years ago in the Journal of Wealth Management. The metric is designed to gauge whether the economy is poised for long-term growth or stagnation, and the analyst claims it offers insights that go beyond traditional tools like the Shiller P/E ratio or the Buffett Indicator. Peterson criticized these older models, claiming they “went bankrupt in 2008” and can’t provide meaningful forecasts today. In contrast, Peterson’s model uses gold as a fundamental variable and treats it as a proxy for tangible assets such as commodities, as opposed to paper-based investments. Related News: XRP Price Nears the $3 Mark - What's Fueling the Mega Rally? Why is XRP Rising? Peterson announced that the Secular Market Indicator was “fully triggered” again for the first time since 2021. He claimed that stocks would not exceed an average annual return of 5% for the next decade and that a major market crash could occur within the next two years. Drawing parallels with past economic crises, Peterson draws attention to the bear markets in 2022, 2008 and 2000. Predicting that the first signs of a decline could appear as early as the summer of 2025, the author warns investors not to underestimate the speed at which such events will occur. Peterson’s bearish outlook also extends to the cryptocurrency market, including Bitcoin. He recalled Bitcoin’s performance during previous market crashes, such as the one in 2022, warning that this cycle “may be no different.” *This is not investment advice. Continue Reading: Economist, Who Was Ultra Bullish Days Ago, Issues Red Alert About Bitcoin