German investment bank says Bitcoin could drop by 50%
While a lot of predictions have set the target price of Bitcoin to around $50k to $100k, a German multinational investment bank Deutsche Bank AG has stepped forward to say that Bitcoin is likely to halve in value. According to a January survey conducted by the bank, several market professionals believe that Bitcoin and Tesla stock are in bubble territory. More than half of the respondents said that Bitcoin is more likely to drop to the $18k range over the next year. This is c