I just gave my second keynote for a major, top-secret crypto conference. It was SO secret, the organizer didn’t disclose the location on the website and only let us know where to travel to at the last minute.

These techno visionaries want a bottoms-up world like me, but with total transparency and total privacy! And that’s what Blockchain technologies are all about. In fact, I see that as the next revolution to follow the internet.

And it’s bubbling like the internet did initially as well!

But remember…

That’s why it’s important that we remember that the internet, in the very late 1990s started with an extreme bubble that exploded into February 2000 and then collapsed 93% before beginning a real bull market that’s only peaking now.

Breakthrough new technologies always start with a “hype” phase during which their potential is dramatically overstated in the short term.

Then, when that bubble collapses, the technologies are underestimated until the “real” bull market becomes evident after a few decades.

I am clear about one thing. If stocks have this “Dark Window” final blow-off rally that looks increasingly likely to me, bitcoin and cryptocurrencies will almost certainly have their own dramatic blow-off rally as well.

Recall that bitcoin exploded from $1,350 in May 2017 to $19,780 in just seven months! That makes it the most dramatic bubble in history, greater than even the infamous tulip bubble into 1637.

My projection…

Here’s my projection for Bitcoin if stocks see a final blow-off rally and top:

I can look at the entire bitcoin bull market since 2011 through the Elliott Wave filter. When I do that, it looks like the classic 5-wave rally.

The first wave peaked in late 2013 and crashed 87% into early 2015.

The next wave peaked in December 2017 and crashed, thus far, 84% into its recent low around $3,200.

If it repeats the 87% crash previously, that would be put it as low as $2,600 just ahead.

Then, if stocks take off soon, as I expect they will, bitcoin could easily rally to new highs.

The target…

My best estimate, and it could be higher, would be $32,000.

That target would be proportionate to the internet final wave up into February 2000 after the late 1998 mini-crash – the internet and Nasdaq Dark Window final rally back then…

But this would occur ONLY if stocks see that final bubble into late 2019/early 2020.

And like last time, bitcoin is likely to peak about a month before stocks, just like it did in late 2017 and as the internet did in early 2000 before the Nasdaq and stocks peaked.

Stay tuned for a very interesting and very bubbly 2019.

Harry
Follow me on Twitter @harrydentjr

New Update on the Markets!

Harry Dent shares details on his latest prediction for the markets and the new dangers that lie just ahead for Americans:   “This is no longer a question of ‘if,’ but simply a… Read More>>
Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.