Strategists at financial firm Standard Chartered are predicting a fatal fall in Bitcoin for 2023. Think the price will drop to $10,000? Take more than that. According to analysts, because of all the turmoil with cryptocurrency exchanges, confidence in crypto has dropped dramatically and in 2023 there is every chance of it falling to $5,000.
Well, I don’t even know what would have to happen for us to see the price at that level. But it will be interesting to check it out. Let’s keep this post in mind.
As for gold, my opinion and Standard Chartered’s are in agreement. Analysts are predicting increased interest in gold and a 30% rise in 2023. This is approximately the level of 2250-2300$.
I believe that this level is quite achievable. For this purpose, the stock market should begin to decline again, and the bond yields should also decline. When these conditions are reached, some of the investors’ money will go into gold, giving it a growth of 30% or more.