Bitcoin is predicted to decline to 3−7 thousand dollars, followed by a steady rise to half a million

The recent volatility in the cryptocurrency market, fueled by rising interest rates and rising inflation, has led several industry analysts to predict a market crash in 2022.

Speaking to Kitco News, economist and founder of HS Dent Publishing Harry Dent predicts bitcoin will crash to $ 3,000 before soaring to «$ 500,000 during the next global boom.»

«It's going to crash, and I think bitcoin could go down to $ 3,000 or $ 7,000 and then go up to half a million or a million during the next global boom [до 2037 року]. So it will be a lifetime purchase for those who are going to invest in it.»

Dent is confident that the current crisis after the «biggest bubble in history» will demonstrate that it is impossible to simply print money, and will also prove that countries need a new standard — something real, and perhaps cryptocurrencies will become this standard.