ChainCatcher reports that Standard Chartered has downgraded its Bitcoin price forecast for the second consecutive time, lowering the target price from $150,000 to $100,000, a decrease of 33%. In a report released on Thursday, the bank warned that Bitcoin prices could drop to $50,000 before rebounding.
It is noteworthy that this is the second time in three months that Standard Chartered has revised its Bitcoin forecast downward. In December last year, the bank already reduced its original target price from $300,000 to $150,000.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Consensys Founder: Still optimistic about the long-term development of the crypto industry; ETH has a stronger functional demand compared to BTC
Joseph Lubin expressed an optimistic view of the crypto market in an interview, believing that the continued development of the digital asset economy relies more on functionality than speculation. He emphasized Ethereum's practicality and its importance in financial infrastructure, noting its gradual deepening in institutional participation, which reflects confidence in Ethereum's long-term potential.
GateNewsBot2h ago
BTC drops below 67,000 USDT
Gate News bot message, Gate market display, BTC drops below 67,000 USDT, current price 66,998 USDT.
CryptoRadar3h ago