Standar Chartered Analyst announced the reasons for the fall in Bitcoin, shared the latest price estimation!

Bitcoin’While the decline in creating great fear among the investors, this situation was reflected in the Koeku and greed index.

The fear and greed index declines to excessive fear levels that have not been seen since the collapse of FTX and Terra. Standard Chartered Head of Digital Asset Research Geoffrey Kendrick It still maintains its expectation of ascension.

Speaking to CNBC Kendrick He reiterated that Bitcoin could reach $ 200,000 in 2025 and 500 thousand dollars in Donald Trump.

Stating that risky assets such as Bitcoin do not like uncertainty, the analyst said that the economic uncertainty and the $ 1.5 billion Ethereum attack on the crypto currency exchange last week were effective.

“Risky beings do not like uncertainty and we see it.

In the United States, we saw that assets like Bitcoin have fallen with technology shares.

At this point, crypto currencies in general, tariffs and Russia-Ukraine and Israel-Gazze, such as the solution of the solution of the solution of the solution of great wars are experiencing. ”

Bitcoin ve altcoinStating that the rise of Geoffrey Kendrick, the need for the rise of the catalyst stability in prices, corporate adoption and regulatory clarity, he said.

“The regulatory clarity in the crypto currency market needs to increase. Thus, you will see that more US bank is involved in the crypto sector.

What we need in the crypto ecosystem is the participation of more traditional financial players such as Standard Chartered and Blackrock.

The increase in the adoption of crypto currencies by institutions, combined with some regulatory clarity from the United States, will be less volatile over time. This will bring rise in the price. “

*It is not an investment advice.