In a report by financial giant Morgan Stanley, the decline in the price of Bitcoin (BTC) in the past few months There are examples in the past specified.
In the report prepared by the analysis team of Morgan Stanley, cryptocurrencies that have grown with the contribution of the monetary policies followed by the central banks. a fair valuation difficult, that this is the cryptocurrency market speculative stressed its structure.
In the report, “Unless it is widely used in the exchange of goods and services, it will be difficult to value Bitcoin as showing demand beyond speculation.” statement was included.
In total since Bitcoin first appeared in the bank’s research report, fifteen times from the bear market approx. 50 percent decrease It is stated that there are examples in the past.
Morgan Stanley analyst, risk of correction while emphasizing that the price Over $45,000 He thinks that this downward trend may come to an end if he does.
According to the research report, for the next few months in the cryptocurrency ecosystem, regulation, non-fungible token (NFT) and stablecoin It is useful to pay attention to the themes.