Analysts of the transnational financial corporation Standard Chartered have named the events of the next year that will affect the quotes of the first cryptocurrency.
Bitcoin could crash in 2023 – the price of BTC, experts say, can fall to $5,000. According to the head of global research at the company, Eric Robertsen, the profitability of many technology companies has dropped markedly along with their shares, and despite the slowdown in the sell-off bitcoin, the damage to the industry has already been done.
Among other forecasts of Standard Chartered analysts for the next year are a drop in oil prices, a collapse in food prices and the impeachment of US President Joe Biden. Experts say that forecasts should not be viewed as events that should happen with a high probability – but rather as something that has a non-zero probability of happening.
Standard Chartered believes that technology stocks will fall even lower – probably after this, many companies associated with cryptocurrencies, blockchain or non-fungible tokens will go bankrupt. And cryptocurrency startups will face a lack of funding.
Back in September, Standard Chartered analysts published a rather optimistic forecast for the cryptocurrency industry – experts even stated that ether (ETH) could overtake bitcoin.