StandardChartered Bank sees the price of bitcoin dropping to $5,000 as one of the next year's financial-market surprises. $BTC
Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor withdrawals.”Standard Chartered Bank published a note titled “The financial-market surprises of 2023” Sunday. The note outlines a number of possible scenarios that “we feel are under-priced by the markets,” wrote Eric Robertsen, Standard Chartered’s global head of research.
The Standard Chartered analyst clarified that the extreme scenarios outlined “have a non-zero probability of occurring in the year ahead, and … fall materially outside of the market consensus or our own baseline views.”
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