Cryptocurrency investor Harry Dent recently predicted an impending crash of the stock market and Bitcoin. In an interview with David Lin, he expected the crash to devastate investors by July. While this will bear similarity to the burst of the dot-com bubble and Amazon, Dent believes it will ultimately pave the way for Bitcoin to become the standard for the digital global economy.

The investor is extremely bullish on the cryptocurrency, insisting that it is leading a revolution of financial services through blockchain technology. He sees Ethereum as emerging strongly, yet believes that Bitcoin remains the market leader with its size, popularity, and brand recognition.

Dent's predictions for the crash suggest figures would be as low as 95%-96%. This would be a major decline like what happened with Amazon in its early days. Despite this however, he is confident that Bitcoin will eventually experience a massive boom as it becomes the future of the global economy.

Much of the world has been keeping an eye on Bitcoin ever since its introduction to the financial markets, and Dent's predictions suggest that we are nearing the end of the long bear market the currency has been caught in. With incredible technological developments throughout the cryptocurrency sector, many wonder if now is the time. One thing is certain - the days to come will be telling, and Bitcoin may well provide the answer.



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