{"id":15190,"date":"2022-12-06T07:49:51","date_gmt":"2022-12-06T07:49:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/potentially-a-5000-btc-price-in-2023-standard-chartered-bank-reports\/"},"modified":"2022-12-06T07:49:51","modified_gmt":"2022-12-06T07:49:51","slug":"potentially-a-5000-btc-price-in-2023-standard-chartered-bank-reports","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/potentially-a-5000-btc-price-in-2023-standard-chartered-bank-reports\/","title":{"rendered":"Potentially a $5,000 BTC Price in 2023, Standard Chartered Bank Reports"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>On Sunday, Standard Chartered Bank released a report titled \u201cThe financial-market surprises of 2023.\u201d The memo covers a variety of eventualities that the bank believes are underpriced by markets. This according to Eric Robertsen, Standard Chartered\u2019s global director of research.<\/p>\n<p>One of the surprises in the report include the possibility of <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a>\u2018s price falling to $5,000 next year, a 70% decline from its present worth of roughly $17,000.Robertson explained:<\/p>\n<p><em>\u201cYields plunge along with technology shares, and while the bitcoin sell-off decelerates, the damage has been done. More and more crypto firms and exchanges find themselves with insufficient liquidity, leading to further bankruptcies and a collapse in investor confidence in digital assets.\u201d<\/em><\/p>\n<p>According to the Standard Chartered analyst, the extreme possibilities have a non-zero likelihood of occurring in the year ahead, and fall considerably outside of market consensus or our own baseline expectations.<\/p>\n<p>While cryptocurrencies may \u201cfall further\u201d and more crypto businesses may \u201csuccumb to liquidity squeezes and investor withdrawals,\u201d Robertsen believes gold may rise by up to 30%.<\/p>\n<p>Bitcoin\u2019s downside risk is acknowledged by many financial institutions, who this crypto winter have come out more skeptic than ever, but are also incentivized to sell this message of fear-mongering. Popular on-chain analyst <a href=\"https:\/\/igaming.org\/crypto\/bitcoin-reached-bottom-but-could-move-to-12000-if-this-happens\/\">Willy Woo mentioned<\/a> in a recent interview that there is a potential lower bottom, but only if another industry giant such as <a href=\"https:\/\/igaming.org\/cryptocurrencies\/binance\/\">Binance<\/a> would collapse and <a href=\"https:\/\/igaming.org\/cryptocurrencies\/closed-down-bitcoin-exchanges\/\">close down<\/a>. For now, he notes, the price of BTC is solidly moving sideways.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/potentially-a-5000-btc-price-in-2023-standard-chartered-bank-reports\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) On Sunday, Standard Chartered Bank released a report titled \u201cThe financial-market surprises of 2023.\u201d The memo covers a variety of eventualities that the bank believes are underpriced by markets. This according to Eric Robertsen, Standard Chartered\u2019s global director of research. One of the surprises in the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15190"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=15190"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/15191"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=15190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=15190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=15190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}