- A Nasdaq analyst who predicted a 2024 boom now warns the current bubble resembles the 1998 dot-com era.
- The forecast calls for a final market ascent towards 40,000-60,000 by 2028, preceded by a flood of low-quality IPOs.
- High inflation (5%+) is expected as the Federal Reserve pumps money to support AI and onshoring investments.
In June 2024, an analyst projected a two-year Nasdaq boom to 25,000, but the index has since surged past 29,000. Now, with the projected timeline complete, the market faces a critical juncture between continued growth and an imminent crash.
The analyst bluntly states “this is 1998 in the dot-com boom”, sketching a route map to a 2028 finale. Consequently, the target level for the Nasdaq is set between 40,000 and 60,000, though a potential crash around March is warned.
Several key variables will shape this path. A money-supply “print-a-thon” from the Fed is expected, driven by the AI build-out and MAGA onshoring efforts. However, this liquidity injection is predicted to keep inflation persistently high, above 5%.
Meanwhile, the U.S. economy will run hot, creating a bubbly feel. The analyst notes that while no one rings a bell at the top, a flood of “BS IPOs” will start the countdown to meltdown. The final moments will feature incredibly strong market days as mainstream media celebrates.
Investors are advised to ride the wave up but get out early. “History will rhyme hard,” the analysis concludes, positioning the current moment at the start of the final ascent, with the hope that the 2024 prediction was correct in framing this as 1998.
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