Standard Chartered sees a fall in the price of Bitcoin after the collapse of FTX

The multinational bank Standard Chartered estimates a drop in the price of Bitcoin in scenarios for the next year.

Through Bloomberg , a note to investors published on December 4 by the chief strategist of the multinational bank Standard Chartered, Eric Robertsen, was released. Which showed a possible fall in the value of Bitcoin correlated with a rebound in physical gold.

Robertsen outlined forward-looking scenarios for 2023 in which interest rate reversals could occur relative to 2022 rises. As well as more bankruptcies in the Bitcoin sector and other cryptocurrencies, negative sentiment towards the market.

Bitcoin could see further declines next year, down 70% from its current market value. While, gold could register a rise of up to 30%, up to USD 2,250 per ounce.

Binance hires Mazars to verify its cryptocurrency reserves