Bitcoin to $50K? 😱
International bank Standard Chartered sees Bitcoin dropping to $50,000 and Ethereum to $1,400—but there is light at the end of the tunnel.
Bitcoin’s precipitous price decline isn’t done yet. That’s the view of international bank Standard Chartered, which anticipates “further price downside in the coming months,” with Bitcoin slumping to $50,000 and Ethereum dropping to $1,400.
Still, it’s not all doom and gloom, with the bank’s analyst Geoff Kendrick predicting that BTC and ETH will reclaim $100,000 and $4,000 by year’s end.