Bitcoin Could Drop to $5,000 in 2023 ‘Surprise’: Standard Char | .

Bitcoin Could Drop to $5,000 in 2023 ‘Surprise’: Standard Chartered

Bitcoin could still have much further to fall next year, according to analysts at Standard Chartered. The world’s first and biggest cryptocurrency could plummet as low as $5,000 in one scenario imagined by the banking group.

The prediction was made as part of Standard Chartered’s annual list of surprises that analysts believe the markets may be overlooking or under-pricing. Other possible upsets for the year ahead include a fall in oil prices, the impeachment of U.S. President Joe Biden, and a collapse in food prices. send people back to the classic safe haven of gold.

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