Bitcoin to $50,000? Standard Chartered predicts ‘more pain’ for price

Bitcoin investors better brace for “more pain” as the price of the top cryptocurrency is set to plunge to $50,000 or even lower over the next few months, according to Standard Chartered. The British bank’s global head of digital assets research, Geoffrey Kendrick, offered that forecast in a Thursday note to investors shared with DL News. “We are going to see more pain and a final capitulation period for digital asset prices in the next few months,” Kendrick wrote. Not only did he forecast that Bitcoin ...