Investors / stance tracking
What Henrik Zeberg is saying
FollowFollowingUnfollowHead Macroeconomist, Swissblock
Economist
15 dated public stances tracked since 2024-12-11, most recently 2026-09-16. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Henrik Zeberg's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Henrik Zeberg is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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15
tracked stances
12
themes
1
side flips
2026-09-16
last heard
Returns 90d +3.0% 56% correct · 9 calls · 180d +9.2% 60% correct · 5 calls · 1y -14.9% 20% correct · 5 calls
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|---|---|---|---|---|
| 2026-06-26 | Big Tech | bullish | +5.0% | — | — |
| 2026-06-18 | SILVER | bearish | +4.1% | — | — |
| 2026-06-18 | GOLD | bearish | -1.2% | — | — |
| 2026-06-18 | BITCOIN | bullish | +21.1% | — | — |
| 2025-06-16 | SPX | bullish | +10.0% | +13.6% | +25.9% |
| 2025-06-16 | BITCOIN | owns | +8.0% | -15.4% | -38.6% |
| 2024-12-31 | MSTR | bullish | -0.5% | +39.7% | -47.5% |
| 2024-12-11 | USTS | bearish | -1.2% | -1.0% | -6.0% |
| 2024-12-11 | BITCOIN | bullish | -18.1% | +9.0% | -8.6% |
View flips
Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| BITCOIN | 3 | 3 bullish | 2026-06-18 | |
| USTS | 2 | 1 bullish / 1 bearish | 2026-09-16 | |
| ALTCOINS (ALT INDEX) | 1 | 1 bullish | 2026-09-16 | |
| Big Tech | 1 | 1 bullish | 2026-06-26 | |
| COPPER | 1 | 1 bearish | 2026-09-16 | |
| Crypto Other | 1 | 1 bearish | 2024-12-14 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
Copper is near a potential top driven by demand narratives that will collapse when real-economy weakness becomes apparent, directly repeating the pattern of oil surging to $140–150 on China demand stories in mid-2008 before plunging
“I think we're very close to a potential top in the uh at least in copper”
Henrik Zeberg: Why Bonds May Be Too Cheap
Bonds are mispriced too cheap because the market is extrapolating sticky inflation while the real economy — a consumer savings rate of 2–3%, stalled job creation, frozen housing — points to disinflation ahead
“bonds you know, treasuries and so on looks very mispriced, but that's because they're too cheap at this point”
Henrik Zeberg: Why Bonds May Be Too Cheap
Capital rotating out of overextended equities into crypto as investors search for the next momentum trade will push ETH to a new all-time high in the final euphoria phase of the current cycle
“I think we can see a new all-time high on Ethereum”
Henrik Zeberg: Why Bonds May Be Too Cheap
2026-09-16
ALTCOINS (ALT INDEX)
bullish
Wealthion · video
Broad capital rotation into crypto in the late-cycle euphoria phase will be wide enough to push the total altcoin index to a new all-time high alongside ETH
“the alt index is going to make a new all-time high as well”
Henrik Zeberg: Why Bonds May Be Too Cheap
2026-06-26
Big Tech
bullish
Wealthion · video
Fractal pattern matching the 1997–2000 Nasdaq development is repeating now, with 20 proprietary indicators pointing to a final melt-up phase of at least 15% remaining before the top
“My target would be at least 33 to 34,000 on the Nasdaq”
90d +5.0%
Zeberg & Faber: The Rally Before the Reckoning
Late-cycle risk-rotation psychology drives capital from equities into extreme risk assets last; only ~$1T needed to move crypto meaningfully, and the pattern of equity-rally-then-crypto-melt-up has repeated multiple cycles
“100,000 I see definitely and I think it could go to 120,000”
90d +21.1%
Henrik Zeberg: The Final Melt-Up Before Everything Breaks
Said again: 2026-09-16 (Wealthion)
2026-06-18
ETHEREUM
bullish
Wealthion · video
In prior late-cycle crypto melt-ups the ETH/BTC ratio expands as Ethereum 'takes over' from Bitcoin once Bitcoin leads the initial move, creating outsized gains for ETH
“you're going to see Ethereum and others doing very well in a very short amount of time”
Henrik Zeberg: The Final Melt-Up Before Everything Breaks
Silver's spike was a classic Eiffel Tower pattern (primarily an industrial metal), now in a post-peak consolidation with only a modest bounce possible on dollar weakness before resuming decline
“silver is mainly an industrial product and it went to 130 or something and it was so clear that was the same kind of Eiffel Tower move”
90d +4.1%
Henrik Zeberg: The Final Melt-Up Before Everything Breaks
Gold already completed its parabolic 'Eiffel Tower' move driven by inflation narrative; a minor bounce is possible on near-term dollar weakness but no new all-time highs expected as the final-phase capital rotation shifts to equities then crypto
“gold and silver have had their time in the sun”
90d -1.2%
Henrik Zeberg: The Final Melt-Up Before Everything Breaks
Global M2 expansion, mainstream and regulatory acceptance (SEC embrace), and FOMO are driving a final blow-off in crypto that will exceed prior cycles in magnitude before ending badly
“I'm holding it into that kind of FOMO environment and then I'll be hopefully clever enough to sell it off”
90d +8.0% · 180d -15.4% · 1y -38.6%
Henrik Zeberg: The Final Rally Before a Massive Crash & Global Reset
$4.5T in global M2 expansion this year is fueling a liquidity-driven blow-off top to at least 6,800 before the business cycle rolls over into recession
“I think you're going to see a top there which will be much higher 6,800 on the S&P as a minimum”
90d +10.0% · 180d +13.6% · 1y +25.9%
Henrik Zeberg: The Final Rally Before a Massive Crash & Global Reset
MicroStrategy tracks Bitcoin mechanically, and since Bitcoin has not yet peaked, MSTR can still print another high from current levels
“I actually have these very high targets on micro strategy... I think micro strategy can move even higher”
90d -0.5% · 180d +39.7% · 1y -47.5%
Wealthion’s Best Of 2024: Henrik Zeberg
2024-12-14
Crypto Other
bearish
Wealthion · video
Cheap money has inflated a single 'everything bubble' spanning crypto, AI, and equities that has never properly burst; leading indicators have been declining for 24 months and a deflationary bust followed by stagflation will collapse speculative valuations…
“I talk about what we have right now as the everything bubble — we will have the bust”
Market Recap: Bitcoin | Market Bubble | Market Fragility | Commodities
Bitcoin is in a final blow-off phase with technical Fibonacci targets at $115,000–$123,000 before topping, expected to complete roughly in line with or slightly after the S&P/NASDAQ peak
“115 to 123,000 maybe topping out a little later than the S&P but approximately at the same time”
90d -18.1% · 180d +9.0% · 1y -8.6%
Henrik Zeberg: The Everything Market Bubble – Why & When It’s Bursting
Said again: 2024-12-14 (Wealthion), 2024-12-31 (Wealthion)
Yields are at an inflection point and will decline strongly as the economy deteriorates, mirroring October 2007 when yields fell sharply in the two months before recession onset while most investors were oblivious
“we're going to see a decline from here... yields coming down strongly and that will be telling us that things are deteriorating”
90d -1.2% · 180d -1.0% · 1y -6.0%
Henrik Zeberg: The Everything Market Bubble – Why & When It’s Bursting
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