Harry Dent VS Michael Terpin

Harry Dent is a bestselling author and renowned economic forecaster.

Dent predicted Japan’s 1989 economic collapse, the dotcom bubble AND the US subprime bust…all well ahead of time. His forecasts are legendary.

Particularly in the late 1980s, when he predicted the coming Japanese slowdown.

Probably his most famous book was The Great Boom Ahead, published in 1993, where he was virtually on his own in predicting the unanticipated ‘boom’ of the 1990s.

He believes that there’s no bigger bubble than bitcoin, it’s the bubble of bubbles. Refusing to concede the current bull run represents mass-scale adoption and true institutional acceptance, Harry thinks he’ll still be bearish for the next few years.

He says it’s a perfect example of an S-shaped adoption curve at very early stages, with the technology still at 1% but growing exponentially. He likens blockchain to the World Wide Web on a 20-year lag, recalling the time “the internet ran past the Nasdaq like a race car.”

Since the adoption rate of Bitcoin is about 2% ownership in the U.S. and 1% globally – he believes it’s far from becoming a new standard of money.

The Bitcoin peak is much like the dot com surge that came in the late years of the first tech bubble that peaked in early 2000 and is correlating directly with the recent, most-dramatic-ever, and final stock bubble.

Michael Terpin is an American investor, Cryptocurrency expert and media commentator. Michael co-founded BitAngels, an investment network for blockchain technology startups.

BitAngels was the first angel network for bitcoin and digital currency startups. Terpin, along with other cryptocurrency investors, aims to grow the blockchain ecosystem through community events intended to highlight new companies. In 2019, BitAngels grew to 500 international investors.

Michael’s TEDx talk back in 2014 about the future of Bitcoin proved to be very prophetic. He described the bullish future of cryptocurrency with uncanny accuracy.

Michael Terpin owns Bitcoin, spends Bitcoin and accepts Bitcoin for his services for the past several years. He believes that Bitcoin has the underlying technology that will power a trillion dollar marketplace and Bitcoin cannot be shut down. It can co-exist with the US dollar and everything else.

It’s here to stay because it’s simple to use, can be turned into cash and can be used for micro payments such as purchases of less than a cent. He sees Bitcoin disrupting every industry because it will change the world.