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China’s Local Governments May Liquidate Seized Bitcoin Amid Economic Struggles and Regulatory Uncertainties

Amidst a backdrop of economic trials, China is stepping into a controversial realm by liquidating confiscated cryptocurrencies to support its local government finances. In a move that raises serious legal CoinDesk

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US economist warns Bitcoin to spearhead the 2025 crash

Bitcoin ( BTC ) has been many things in its 16-year existence, with some claiming it to be little more than a gambling fad and yet others taking a completely opposite stance and positioning it as the biggest financial revolution in recent history. For the famed American finance writer and founder of HS Dent Investment Management, Harry Dent, it is the latter. Furthermore, the author went as far as to recommend everyone invest in the cryptocurrency as the great reshaper of global finance, albeit with a caveat, in a David Lin interview published on April 14. Specifically, Dent opined that BTC is far from a safe haven, meaning that in the burst phase he believes the ‘everything bubble’ is in in 2025, the digital asset should be avoided along with most other assets. Bitcoin should, however, be heavily invested in once the crash has taken hold. This is one of the biggest misconceptions: that Bitcoin Bitcoin and crypto are the safe haven. Absolutely not, they are the biggest bubble. Why Bitcoin is a ‘strong sell’ in 2025 but a ‘strong buy’ later Though Harry Dent’s prediction that a 50% crash would take place by the summer and then be followed by a 90% collapse is yet to be confirmed – and though there is room to doubt it as he has, along with in the interview, been predicting such a calamity for years – Bitcoin’s recent performance hasn’t been instilling much confidence. At press time on April 16, BTC was simultaneously expensive and struggling. At $83,396, it was 10.82% down in 2025, with a pattern of lower highs followed by lower lows, yet also more expensive than at any point in history before November 2024. BTC YTD price chart. Source: Finbold I didn’t get it at first, except I could see that Bitcoin was acting just like Amazon, the leader of the Dot retailers, which was the first tech bubble. I said it was acting just the same. I said, ‘No this is the next bubble, this is a big thing.’ Now I get it. A guy at my own conference three years ago says crypto and Bitcoin is basically, the restructuring of the entire financial services industry. How to weather the storm and thrive after it passes In the interview, Harry Dent also revealed which assets are the best to buy for the crash itself, reflecting primarily on 30-year treasuries and the iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT ) and how to diversify for the recovery. Specifically, the famed finance author believes that cryptocurrency will be the great reshaper of finance, thus making Bitcoin a strong investment, while artificial intelligence ( AI ) will have a more transformative effect and automate the broad category of ‘middle management.’ I’ve been talking about AI. I used to call it the automation of professional and managerial work. We’ve already done that to clerical people, already done that to factory workers, already done that to farmers. If you go back, it is the professional classes that will be automated by AI, so AI and Bitcoin. He elaborated: So I say: two things I want to buy coming out of this is – if I just buy two things – I’d buy Bitcoin at the bottom and Nvidia: leader of the AI and Bitcoin leader of crypto. That’s what I’d buy if I’m right and we see the greatest crash in a long time. The phenomenon Dent is describing has long been described as the advanced stages of the ‘Second Machine Age’ and has long been expected to be negative for humans, if not for businesses. For his part, the writer recommended investing in the semiconductor giant Nvidia (NASDAQ: NVDA ) as a way to get ahead in the changing world. Featured image via Shutterstock The post US economist warns Bitcoin to spearhead the 2025 crash appeared first on Finbold . CoinDesk