Standard Chartered Bank predicted that Bitcoin would reach $5,000 by the end of 2022. In 2023, it predicted that Bitcoin would reach $50,000 by the end of the year and $100,000 next year. Is this reasonable? This is reasonable because these are two different reports from two different people. (It means that you can say whatever you want and the bank is not responsible.)

These two big brothers are: Eric Robertsen, who is bearish to $5,000:

Position: Head of Global Research and Chief Strategist, Standard Chartered

Those who are optimistic will see Bitcoin reach $50,000 (next year, Bitcoin will reach $100,000): Geoff Kendrick

Position: Head of Digital Asset Research at Standard Chartered Bank From the position, it seems that the two parties have different "butts"? (Do you personally hold any positions?

The most outrageous thing is that Kendrick's views are so ridiculous and he is not afraid of being slapped in the face. Kendrick's most ridiculous view is: $50,000 by the end of this year and $120,000 by the end of next year. The reason is the turmoil in the banking industry, including the stability of a wider range of risk assets, the improvement in the profitability of Bitcoin miners, the upcoming Bitcoin halving, the progress of global regulation, the interest of institutional investors, and the decline in Bitcoin prices. The volatility of Bitcoin prices

He had predicted in April that the market would reach 100,000 US dollars next year. This wave is considered "enhanced milk".

In my opinion, no one has the ability to predict the future. Some people only have the ability to manage their positions when investing in Bitcoin. If you agree with the halving effect, Bitcoin spot ETFs, Wall Street's layout of crypto and other stories, you should do a good job of slowly hoarding coins instead of going all in at once.

Otherwise, you will be severely educated by the liquidity of the market. Now Bitcoin is already known to most people.

Even if I don't know the details, I've heard the name

Why do you know that Bitcoin has seen amazing growth over the years?

I interviewed several fans and friends and summarized two reasons.

First, it is generally believed that the current increase in Bitcoin is too small and it is already too expensive. Now Bitcoin is only 30,000 US dollars per coin. The increase is not enough to stimulate the altcoins, and the returns are not good.

Secondly, of course, seeing you here, you will say that you are talking after the fact. For example, what does this year's increase have to do with you? If I had known, I would have bought it long ago. But by the time I saw it, it was too late. What I want to say is that even if the historical trend is repeated, you will not buy it. Because it is very simple. You do not understand the position of Bitcoin in the market, and you will not hold it for a long time. You think it is a bubble. When it falls, you expect it to return to zero. But the reality is that Bitcoin has been defined as a commodity by the US SEC. Blockchain, as the underlying technology of Bitcoin, is changing the way the economy operates. The promotion of consensus has triggered a series of things, such as token economic models, mass psychology, and monetary systems. A complex innovative economic product has re-leveraged traditional capital chips, bringing wealth redistribution and market liquidity.

Now let you choose again. Will you allocate in your asset management, buy Bitcoin and hold it for a long time? PS: Regarding the coin hoarding indicator, just look at ahr999 #比特币