Well-known investor Harry Dent recently made a shocking prediction. The founder of HS Dent Investment claims that the market bubble that has lasted nearly 17 years will burst in 2026, and the stock market could plummet by 90% at that time.

It sounds a bit exaggerated, but his logic is as follows: stocks, real estate, and digital assets are all covered by a "super bubble" inflated by debt. Once it bursts, he compares it to the worst market environment since the Great Depression.

Interestingly, Dent provided a specific "touchstone"—early 2026, especially January. He said that based on historical patterns, if the stock market is strong in January, it usually indicates a good year; conversely, if it is weak, the risk of decline is high. So he considers January as a key window to verify his judgment.

Regarding asset allocation, Dent's advice is that only U.S. Treasuries can "survive," because the Federal Reserve can print money to pay off debt. However, this view is not universally accepted. Economists like Peter Schiff predict that the U.S. dollar may face an unprecedented crisis in 2026. The two camps have very different opinions, indicating that there is significant uncertainty about the direction of this cycle.