Bitcoin Could Drop Another 70% to $5,000 in 2023, Standard Chartered Warns | CoinMarketCap

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Bitcoin Could Drop Another 70% to $5,000 in 2023, Standard Chartered Warns | CoinMarketCap
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But it's a long-shot scenario in the global bank's annual set of long-shots 🤔 cryptonews

that could spread if it happens. DCG also owns Grayscale, the struggling Bitcoin trust manager.

Bitcoin is currently down about 75% from its November 2021 all-time high above $68,000. Robertsen said: Senior analyst Mike McGlone believes Bitcoin is a nascent asset trading at a "steep discount," and wrote:

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