Forecast from Standard Chartered
One of the world's largest banking institutions, Standard Chartered, has recently made a rather remarkable forecast on major cryptocurrencies. According to the bank's experts, Bitcoin and Ethereum may experience a significant price drop in the near future, before their recovery begins.
Specific forecasts:
- Bitcoin may fall to the $50,000 mark
- Ethereum may fall to $1,400
In addition, Standard Chartered has also revised downward the target prices for a number of other popular crypto assets, including Solana, XRP, BNB, and Avalanche.
Such a forecast is due to the general cooling of investor interest in cryptocurrencies against the backdrop of high inflation, the tightening of the Federal Reserve's monetary policy, and geopolitical instability.
Expert opinion
Although Standard Chartered's forecasts look rather pessimistic, they are in line with the general trend of declining cryptocurrency markets in recent times. At the same time, many experts believe that this is only a temporary phenomenon, and in the long term, leading crypto assets will continue to grow. For short-term investors, it is important to closely monitor the situation and be prepared for high market volatility in the coming months.