بٹ کوائن 'کریش' پر مورگن اسٹینلے: پرسکون رہیں اور آگے بڑھیں۔

Analysts at Morgan Stanley have, in a research note titled “State of the Bear Market,” downplayed bitcoin’s 50% correction from its all-time high seen in November as the figures show the drop was within historical norms.

کے مطابق سکےڈسک, the bank’s head of cryptocurrency research Sheena Shah pointed out that estimating the fair value of cryptocurrencies is difficult because they trade speculatively and were supported by the large availability of U.S. dollars and central bank liquidity.

نوٹ میں، تجزیہ کاروں نے لکھا کہ اگر بٹ کوائن کی قیمت $28,000 کے نشان سے نیچے آجاتی ہے، تو مارکیٹ مزید کمزوری کی توقع کر سکتی ہے۔ الٹا، $45,000 کا نشان دیکھنے کی قیمت ہے کیونکہ یہ تجویز کرے گا کہ موجودہ کمی کا رجحان بدل گیا ہے۔

Notably, a chart from cryptocurrency data provider CryptoCompare has shown that BTC’s past downtrends have reversed after getting to its fifth Fibonacci retracement level, which should now be around $28,970.

Morgan Stanley, which started allowing its wealth management clients to access bitcoin funds last year, has seen its investment funds acquire millions of shares in the Grayscale Bitcoin Trust (GBTC), offering them exposure to the performance of the flagship cryptocurrency’s price.

The bank’s analysts have noted in their research that BTC has seen 15 bear markets since it was created in 2009, and added that the recent correction seen in recent months is within the range of its past performance.

Until bitcoin is commonly used as a currency for goods and services transactions (in the crypto or non-crypto world), it is hard to value bitcoin on fundamental demand beyond the asset speculation.

The analysts added that investors may need patience if we are in the middle of a wider risk market correction, with leverage in the market being necessary for a bullish trend to begin as central bank liquidity is removed.

The research notes that regulation, non-fungible tokens (NFTs) and stablecoin issuance are key areas to watch over the next few months.

ڈس کلیمر
مصنف، یا اس مضمون میں مذکور کسی بھی لوگوں کے خیالات اور آراء کا اظہار صرف معلوماتی مقاصد کے لیے ہے، اور وہ مالی، سرمایہ کاری، یا دیگر مشورے پر مشتمل نہیں ہیں۔ کرپٹو اثاثوں میں سرمایہ کاری یا تجارت کرنا مالی نقصان کے خطرے کے ساتھ آتا ہے۔

امیج کریڈٹ
کے ذریعے نمایاں تصویر Pixabay

Source: https://www.cryptoglobe.com/latest/2022/02/morgan-stanley-on-bitcoin-crash-keep-calm-and-carry-on/