Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets
- Bank’s strategist Robertsen details under-priced market risks
- In one scenario gold surges as investors flee crypto post-FTX
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Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered.
A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be “under-pricing,” the bank’s Global Head of Research Eric Robertsen wrote in a note on Sunday.