[코인리더스] Bitcoin market cap of $1 trillion is close… Deutsche Bank survey “52%, BTC is less than 60,000 dollars this year”

Cryptocurrency (virtual asset) leader Bitcoin (BTC) recovered around $57,000 over the past 24 hours, but the rebound did not last long, and the price retreated to the $52,000 level.

As of 10:50 am on the 25th (Korean time), the market capitalization of Bitcoin (BTC), the number one cryptocurrency in CoinMarket Cap, is recording about $52,658, down 2.86% from 24 hours ago. The market cap collapsed to $1 trillion and plummeted to about $9847 billion.

On the day, analyst Rakesh Upadhyay, a contributor of the cryptocurrency media, Coin Telegraph, said, “Bitcoin (BTC) price is still facing strong selling pressure near the main trend line, so the addition of bitcoin and altcoins in the future. It suggests the possibility of a decline,” he diagnosed.

According to CoinDesk, another cryptocurrency specialty media, in a recent survey conducted by Germany’s largest financial institution Deutsche Bank of investor clients, 52% of respondents said that this year’s bitcoin price will be below $60,000. Forecast.

Most of the respondents who participated in the survey predicted that the rise in bitcoin price will be limited and will drop to $20,000 to $40,000 within 12 months. In addition, among the investors who participated in the survey that day, 23% of respondents said that they had purchased bitcoin for personal investment.

According to major foreign media such as Forbes on the 18th (local time), Marion Labore, an analyst at Deutsche Bank and an economist at Harvard University, said, “The next two or three years will be the turning point (turning point) of Bitcoin.” From the end of this year or from next year, government regulations will be in full swing,” he predicted.

In this regard, on the 24th (local time), Agustin Carstens, Secretary General of the International Settlement Bank (BIS), told CNBC in a recent interview that “cryptocurrency is a means of speculation. We need to apply more regulations to cryptocurrency.”

“Cryptocurrencies such as bitcoin do not pose a threat to central banks. Many cryptocurrencies are used for illegal activities such as money laundering or arbitrage transactions,” he added.

Meanwhile, according to The Block, a media specializing in cryptocurrency, Amundi, Europe’s largest asset manager, who manages assets worth $1.5 trillion, said, “The new cryptocurrency regulation has a brutal impact on Bitcoin and other cryptocurrencies in the early stages Will go crazy,” he warned.

In this regard, Vincent Mortier, CIO of Global Markets, Didier Borowski, head of global market, said, “Bitcoin can quickly drop to $30,000 or $20,000 if some regulations are taken into account.” “There is no general characteristic of assets. Unlike assets such as stocks and bonds, there is no real economy-based asset, so there is no valuation model.”

They also diagnosed, “Cryptocurrency can compete with gold, but it has not yet proved itself. However, once regulations are cleared and risks are resolved, the cryptocurrency market will flourish again.”