Published 1 year ago

Thinking Bitcoin rout is over? Standard Chartered forecast will surprise you

Summary by Ground News

Standard Chartered says bitcoin (BTC-USD) could tank another ~70% to $5K in 2023. The token changed hands at $17.22K as of 9:27 a.m. ET. The possible drop in demand for bitcoin could thus result in a 30% surge in the spot price of gold.

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CNBC

Bitcoin Could Plunge 70% to $5,000, Standard Chartered Predicts, in Possible 2023 ‘Surprise'

The potential crash in bitcoin prices makes Standard Chartered’s list of scenarios that its analysts feel are “under-priced by the markets.”

1 year ago·United States

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Bloomberg

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets

Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered.

1 year ago·United States

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Live Mint

Thinking Bitcoin rout is over? Standard Chartered forecast will surprise you

A further Bitcoin plunge of about 70% to $5,000 next year is among the ‘surprise’ scenarios: Standard Chartered analyst

1 year ago·New Delhi, India

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Seeking Alpha

Bitcoin could sink to $5K in 2023 'surprise' move: Standard Chartered

While some traders contended that bitcoin (BTC-USD) could be on its way to forming a bottom after dropping around 70% from its November 2021 peak, Standard Chartered reckons the...

1 year ago·United States

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