STANDARD CHARTERED BANK PREDICTED BITICON COULD FALL TO $5,000 IN 2023, WHAT ARE YOUR OPINIONS?
Their have been lot of speculations about the price of Bitcoin recently, especially base on the level of dip that as hit the crypto market this year, with a lot of expert giving lot of predictions as to what the price will be in subsequent months and year's to come, but recently their is a massive one from Standard chartered Bank predicting that it price might fall to $5,000 come 2023.
The bank as make it clear that one of the reasons for coming out with such prediction is as a result of how some investor's are gradually withdrawing their investment due to the fall and it succumb to liquidity squeezes too.
In one of their recent publications that I got to see tittle "The financial -market surprise of 2023. Lot of points were listed as possible reasons to expect more surprises come 2023 in the crypto market , with this , their as been lot f views from various expertise as to what the future holds for the crypto market in year's to come.
I still can't imagine that their as been opinions that the greatest dip is coming that will definitely make the Bitcoin price fall as low as $5,000 come next year, which to me will definitely be the greatest ever as it will definitely be a massive drop of 70% from it current value now, which is around $17,000 , with the level of difficulties that some firm are facing currently with the issue of liquidity that is currently insufficient, that as also lead to bankruptcy and creating fear for investor's as regards digital asset's .
It is now left to see what the future holds for the crypto market generally come next year, thinking that Bitcoin will go as low as $5,000 come 2023 will definitely hit lot of individuals with shock and various opinions as been up and down when it since standard chartered Bank predicted that too.
According to some of the veteran investors and one which I came across his view recently, Mark Mobius said and I quote, "Bitcoin could actually fall to $10,000 in 2023 if the current dip keep hitting the market and if Federal Reserve keeps increasing interest rates and tighten the monetary policy too".
In the middle of all this reactions and predictions coming from analysts, some individuals still very much believed and are highly optimistic that Biticon value and other coins will definitely gain lot of strength come next year and their as been other prediction from an analyst and a great Venture capitalist Tim Draper, stating that the value of Bitcoin will hit a massive record come next year, stating that their will be double figure in it increase to $250,000 from it current price by the middle of next year.
Their are still lot of opinions coming in as to what Bitcoin price will be come next year and to what is the fate of other token's comes 2023 also .What is your opinion as regards what standard chartered Bank said and what Tim Draper said too?
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