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- According to StanChart analysts, Bitcoin could go as low as $5,000 in 2023.
- The probable decline in BTC could lead to a rise in the price of physical gold.
- Drop in oil prices and Joe Biden’s impeachment are potential shockers for 2023.
With the “crypto bubble” bursting, the world’s first and largest cryptocurrency, Bitcoin, could fall as low as $5,000 in one scenario envisioned by analysts at Standard Chartered banking group.
As the crypto ecosystem recovers from FTX’s collapse, the multinational bank assesses Bitcoin’s potential downside in 2023.