Investment bank Stifel: Bitcoin may fall to $10,000 next year

time:2022-02-18 05:30 source:Internet

On February 18, investment bank Stifel said in a new report that Bitcoin is facing three major macro headwinds affecting its price, which could fall by 76% from current levels to $10,000 by 2023. Factors affecting the price of bitcoin include the global money supply, the yield on the 10-year U.S. Treasury note, and the equity risk premium on the S&P 500. The Federal Reserve’s planned tightening of monetary policy in the form of interest rate hikes and a shrinking balance sheet could have a negative impact on Bitcoin prices.

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