Renowned economist Harry Dent recently published a highly anticipated market forecast, predicting that one of the most severe market corrections in history will occur in 2026, with the stock market potentially facing a nearly 90% plunge.

According to Dent, the current 17-year-long market uptrend has accumulated significant bubble risks. The root of the problem lies in the fact that this bubble is not limited to the AI hype; stocks, real estate, and even crypto assets are all inflated by debt-driven liquidity. He points out that this cycle is different from any recession in history — policymakers have chosen to continue easing rather than clearing debt, which will only deepen the problem in the end.

Dent emphasizes that January 2026 will serve as an observation window. If the stock market performs weakly that month, he will further confirm that this "perfect storm" is imminent. In his asset allocation plan, U.S. Treasury bonds are considered the only possible safe haven, as the government has the ability to print money to pay off debt.

Interestingly, this view is not aligned with that of another economist, Peter Schiff — Schiff believes that the US dollar itself will face depreciation pressure in 2026. Both predictions are worth the attention of crypto market participants, as they both imply significant changes in the future asset landscape.