🚨 scenarios🚨

Mar 31, 2023 4:27 PM

     🚨 Hello Crypto Banter community 🚨

Will bitcoin crash this year? (bearish outlook)

There is another group of large corporate and institutional investors who have the opposite (bearish) view on Bitcoin and firmly believe that Bitcoin may fall in the near future.

Veteran global investor Mark Mobius, the billionaire founder of Mobius Capital Partners, has already predicted a big drop in 2022 and said that Bitcoin could drop as far as the $10,000 range.

Similarly, another maverick investor, Matthew Siegel, head of digital asset research at VanEck, global investment director, expects Bitcoin to drop to $12,000 levels, citing surging energy prices.

Moreover, the global bank Standard Chartered's Bitcoin predictions are quite surprising. They predicted that bitcoin would drop to $5,000 levels in 2023.

Experts believe that rising interest rates and tightening monetary policy will not allow bitcoin to rebound sharply in the near future. As in this type of uncertain market, investors will not prefer to invest in or buy risky assets such as Bitcoin. Those who were holding a bitcoin position may sell their positions, creating undue pressure on the markets once again.

What do you think 🤔.....

In the comments.....

@HLSPORTRAIT

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