Standard Chartered Bank’s “surprising prediction”: Bitcoin may fall another 70% to $5,000 next year. Eric Robertsen, global head of research at Standard Chartered Bank, wrote in a report on Sunday that Bitcoin could fall by about 70% further next year to $5,000. (December 4, 2022)

Standard Chartered Bank: From a structural point of view, the value of Bitcoin is between 50,000 and 175,000 US dollars, and will reach a cyclical peak of 100,000 US dollars at the end of 2021. (September 8, 2021)

Many organizations do so because of profit issues. When the market is not so pessimistic, you must call bullish firmly because investors will continue to add money to it and earn management fees. Everyone knows that when the market is not going well, you have to cry out for a fall, because now no one will believe you if you cry for bullishness. Instead, you can buy cheap chips by shouting for a fall.