Bitcoin Could Dump to $5000 According to Standard Chartered...

Today, let's talk about what one bank predicts could happen in 2023 to Bitcoin. Also let's talk about some economic news, BTC's bottom and Twitter coin.

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0:00 Intro
0:55 Market Overview
1:40 Economic Data
2:35 UK Economy
5:00 China Reopening
5:45 China Manufacturing
7:45 Bitcoin Plunge
9:50 250k BTC
12:05 MVRV Score
12:35 Bitcoin Returns
13:50 Crypto Ownership
15:20 Twitter Coin
17:30 Fifa NFTs
18:15 Reddit NFTs
18:50 Full Court Shots
20:30 Q&A

🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

[Alexxf]

If BTC drops to 5k it will be the buying opportunity of a lifetime

[ChinChong-hh]

I wouldn't say I fear btc going to 5k. What I'm afraid of is not having any spare cash or tether when it happens

[fmcsd]

Same group who predicted btc 100k last year 😂

[sangEta]

UK has no "shortage of labour." 3.6% counted as unemployed + 21.6% not counted as Inactive = 25.2% real unemployed!!!

[jacktheplumber]

Hey George!, chocolate bit coins now in the shops for xmas tree decor. Is that a good or bad sign

[ccfla]

George finally got it right once and I'm very bearish to $5000

[qazimax]

Same group who stated 100k last time and more fud indicate bottom close

[bluefisshh]

If BTC drops to 5k it would be like 95% drop from ATH and its future would be in stake.

[christianm]

FuD from frustrated Banks and Institutions

[Databyter]

That adoption chart was talking about INTERNET USERS adoption rate, not people in general. It is probably still a bit inflated, but maybe closer than you think. That is only about 3 out of 20 people who use the internet regularly in the US owning SOME crypto. Totally believeable. Databyter

[davidf]

Bring on 5k, I will be buying with both hands!!!!

[AG-sogl]

StanChart know squat, I used to work for that mickey mouse outfit, 😆

[rameshjain]

Good News, I was expecting Long back for BTC come below 10k

[terrymorgan]

I'm optimistic that BTC has been way to resilient for that. Terra and Celsius shook a lot of weak hands. Then the ftx drama hit's, and we move like 4k.

[flowmastaflam]

Steal $1000, go to jail and can't get a job.
Steal $32, 000, 000, 000, go on media parade and play lots of league of legends.

[davidsc]

Analysts and so called experts always say deflation is a bad thing but when was the last time an economy was absolutely wrecked by deflation?

[jakafe]

and last year, all the banks were saying btc will be worth at least 100k lol no one has a clue about the future

[codycast]

4:30 I don’t know why people view $5000 as so impossible.
It was $5000 just four or so years ago. when it was $5000 the economy was stronger, there wasn’t all these crypto companies blowing up, inflation was down and interest rates were near zero.
So given everything that’s gotten worse wash in crypto be three times more expensive today?

[albertomerino]

I just hope it doesn’t go berserk up cause I want to keep buying BTC low during the whole year

[tonymartinez]

I don't even understand yet if I can survive such a fall. It looks like I will have to say goodbye to the invested usdt, hopefully not for long.