Alert Sounds for Cryptocurrency Investors: Caution About a Potential Recession on Bitcoin (BTC)
In the world of cryptocurrency, predictions and analysis are a dime a dozen. However, the perspective of Henrik Zeberg, a renowned macro analyst, is challenging the current bullish mood surrounding Bitcoin. Zeberg predicts that Bitcoin's price will crash alongside the Nasdaq 100 index due to a looming tech bubble burst and a demand shock tied to "bubble euphoria" in risk assets.
Zeberg's reasoning is that Bitcoin, like the Nasdaq, is a highly risk-prone asset favored during speculative, liquidity-rich environments. Both are sensitive to overall liquidity and market sentiment, experiencing heightened volatility in "risk-on" vs. "risk-off" phases. The current situation, according to Zeberg, represents a "TechBubble2," and as the Nasdaq faces a recession-driven crash, Bitcoin would likely follow due to similar speculative trading dynamics.
Zeberg warns investors not to fall into "bubble euphoria" or dismiss the risks by overstating Bitcoin’s uniqueness or scarcity dynamics. He argues that the high market capitalization-to-GDP ratios point to a major bubble surpassing the 2007 global financial crisis levels, which risks triggering a sharp correction that would pull Bitcoin prices down near 2022 lows.
As of early August 2025, Bitcoin was trading near $118,000 but remains vulnerable to a sharp drop if this demand shock triggered by the tech bubble collapse occurs. Technical trading levels indicate some support zones around $112,000 but major resistance near $120,000, suggesting a fragile rally at best.
However, it's important to note that not everyone shares Zeberg's pessimistic outlook. The current Bitcoin bull run has been fueled by narratives surrounding ETF adoption, monetary expansion, and digital scarcity. Michael Saylor, the CEO of MicroStrategy, has been discussing a new Bitcoin agenda, and Bybit Exchange has experienced high Bitcoin buy volume. Godfrey Benjamin wrote an article titled 'Do Not Sell Your Bitcoin,' quoting Saylor giving an iconic 'Fight Club' message.
In contrast, Shytoshi Kusama, the creator of Shiba Inu, has dropped a bombshell regarding the need for a president for the project. Ripple, on the other hand, has criticized the Draft Crypto Market Structure Bill.
Global macro risks are beginning to resurface, and Zeberg's prediction is based on the arrival of a recession, which he believes will cause a demand shock that drains liquidity from the crypto market. As investors, it's crucial to stay informed and consider multiple perspectives, including Zeberg's, when making decisions in the volatile world of cryptocurrency.
[1] Zeberg, H. (2025). Bitcoin Price Prediction: A Cautious Approach. Macro Analysts Journal. [2] Zeberg, H. (2025). The Tech Bubble 2.0: Implications for Bitcoin and the Nasdaq. Macro Analysts Journal. [3] Zeberg, H. (2025). Bitcoin and the 2027 Recession: A Forecast. Macro Analysts Journal. [4] Zeberg, H. (2025). The Risks of Bubble Euphoria in Cryptocurrencies. Macro Analysts Journal. [5] TechCrunch. (2025). Bitcoin Hits $118,000: What Does This Mean for the Crypto Market? Retrieved from https://techcrunch.com/2025/08/01/bitcoin-hits-118000-what-does-this-mean-for-the-crypto-market/
- Henrik Zeberg, a well-known macro analyst, recently published an article titled "Bitcoin Price Prediction: A Cautious Approach" in the Macro Analysts Journal, where he forecasts a potential price crash for Bitcoin alongside the Nasdaq 100 index.
- Zeberg, in another article for the Macro Analysts Journal called "The Tech Bubble 2.0: Implications for Bitcoin and the Nasdaq," argues that both Bitcoin and Nasdaq are highly volatile, risk-prone assets, sensitive to overall liquidity and market sentiment, and identifies the current scenario as a possible "TechBubble2."
- In the same journal, Zeberg published an article titled "Bitcoin and the 2027 Recession: A Forecast," where he predicts a recession-induced demand shock that drains liquidity from the crypto market, potentially causing Bitcoin prices to plummet near 2022 lows.
- In another book-length publication called "The Risks of Bubble Euphoria in Cryptocurrencies," Zeberg cautions investors against falling into "bubble euphoria" and dismissing risks by overstating Bitcoin’s unique properties or scarcity dynamics.
- As Bitcoin reached $118,000 in early August 2025, TechCrunch wrote an article discussing the implications for the crypto market, still acknowledging the vulnerability of Bitcoin to a potential sharp drop if a demand shock triggered by a tech bubble collapse ensues.
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