Corporate Bitcoin Buying Binge Could Trigger Crash: StanChart

Corporate Bitcoin Buying Binge Could Trigger Crash: StanChart

Table of Contents

Join us cable A channel to stay in view of the coverage of urgent news

Standard Chartered warned that the last wave of bitcoin purchasing companies could lead to a decrease if less than $ 90,000 decreased from panic.

“The Bitcoin Treasury adds to the bitcoin purchase pressure at the present time, but we see a risk that this may reflect over time,” said Jeff Kindrik, President of FX and Crypto Research at the bank.

Bitcoin holders Kendrick said in the past two months, with total property approaching 100,000 BTC. But unlike The first adoption like the strategy He added that most of these companies that were previously buys Microstrategy.

He said that if BTC decreases to $ 90,000, nearly half of these companies will be underwater, which raises the risk of a series of panic that can lead to disruption.

If Bitcoin decreases by 22 % lower than the average corporate purchase price, Kendrick says that the company’s buyer is likely to have to sell.

Detar dollar may enhance BTC’s call

Not everyone is landing on the last BTC purchase spree. The CEO of Galaxy Digital Mike Novoghatz says that twice the prices of Bitcoin are temporary and see up to up to $ 150,000 soon, while Tim Daper the billionaire investor has repeated that Bitcoin reaches $ 250,000 this year.

According to SWAN, which focuses on BTC, the increase in institutional interest is part of a broader seismic transformation in the global financial market.

On June 4 string In X, the company said that BTC deviates from its usual cycle for 4 years as a “huge transformation” is run under the surface. The company noted that “the rare and dangerous division reveals” with the weakening of the US dollar while the bonds spread, warning that this “the main red flag of global capital”.

This, according to SWAN, prompted institutions to buy Bitcoin in the long run to keep their capital.

Coinbase CEO Brian Armstrong repeated similar feelings on X yesterday, when he said that Bitcoin could outperform the US dollar as the reserve currency if voters do not bear the responsibility for Congress for reducing US national debts.

Armstrong shared a World of Statistics leaflet, which shows that the American national debt bent from $ 29.6 trillion to $ 36.9 trillion between 2021 and 2025.

Such an analysis believes that investors continue to accumulate in Bitcoin in the future, where the dollar weakens under the escalation of American debt.

Related articles:

Best portfolio – diversification of your encryption portfolio

Best portfolioBest portfolio
  • Easy to use
  • Get early access to iCOS, the next distinguished code
  • Multiple, multi -province, non -guardian
  • Now in the application store, Google Play
  • Class to earn the original code is the best
  • More than 250,000 active monthly users

Best portfolioBest portfolio


Join us cable A channel to stay in view of the coverage of urgent news

Our offer on Sallar Marketplace