Closely watched economist and Bitcoin (BTC) bull Henrik Zeberg is calling for a mega-bullish end to this year for the crypto markets, and currently has his eye on one particular Ethereum (ETH)-based altcoin project.
Zeberg tells his 110,000 Twitter followers that the Internet of Things (IoT) project Jasmy (JASMY) has the ability to recover 100x from its current price levels.
“FLY”
Jasmy, a Japanese crypto project, aims to combine blockchain and IoT technology to create an infrastructure that allows anyone to use data securely. It is currently trading at $0.007, roughly 99.8% below its all-time high.
Zeberg’s JASMY call is in line with his view that cryptocurrencies are about to enter a euphoric phase past the 2021 bull market. He shares a chart that suggests the total cryptocurrency market capitalization could explode rather quickly. down to the $4.4 trillion level.
“If you liked the Crypto Euphoria in the markets at the end of 2021, you will LOVE the upcoming SUPER EUPHORIA at the end of 2023.”
Contrary to popular belief that the US economy is in or entering a recession, Zeberg is of the opinion that the macroeconomic situation is actually bullish based on a number of economic points. He says the Federal Reserve is done raising interest rates and risky assets like cryptocurrencies will now get a boost.
“The economy is 100% NOT in recession.
Inflation down strongly, and moving lower.
The Fed is FINISHED!
GOLD RICH AREA
Revealed of the upper part of the blown”.
The popular analyst has previously called for a big uptrend to begin for Bitcoin and the rest of the crypto markets.
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Featured Image: Shutterstock/Klavdiya Krinichnaya
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