{"id":324648,"date":"2025-10-22T19:55:17","date_gmt":"2025-10-22T19:55:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/324648\/"},"modified":"2025-10-22T19:55:17","modified_gmt":"2025-10-22T19:55:17","slug":"bitcoin-price-faces-inevitable-dip-to-100000-says-standard-chartered-dl-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/324648\/","title":{"rendered":"Bitcoin price faces \u2018inevitable dip\u2019 to $100,000, says Standard Chartered \u2013 DL News"},"content":{"rendered":"<ul class=\"list-outside pl-8\">\n<li>Bitcoin has lost 10% of its value in the past fortnight.<\/li>\n<li>Standard Chartered says a trip to $100,000 is inevitable.<\/li>\n<li>Doubts mount about Bitcoin\u2019s place in the \u201cdebasement trade.\u201d<\/li>\n<\/ul>\n<p class=\"puppeteer-article-text-type-element\">Buckle up, Bitcoin investors.<\/p>\n<p class=\"puppeteer-article-text-type-element\">The cryptocurrency has been in a slump ever since renewed tension between the US and China billowed into capital markets, <a href=\"https:\/\/www.dlnews.com\/articles\/markets\/leverage-and-china-tariffs-drive-19bn-crypto-crash\/\" rel=\"noopener\" target=\"_blank\">wiping out $19 billion<\/a> in leveraged positions across crypto in a single day.<\/p>\n<p class=\"puppeteer-article-text-type-element\">Now, as it trades at around $108,000, crypto\u2019s top asset has an inescapable trip below the six-figure mark, according to Geoffrey Kendrick, head of digital assets research at UK-based bank Standard Chartered. <\/p>\n<p class=\"puppeteer-article-text-type-element\">\u201cThe question now is how far does Bitcoin need to fall before finding a base,\u201d Kendrick said in an October 22 note to investors. <\/p>\n<p class=\"puppeteer-article-text-type-element\">\u201cA dip below $100,000 seems inevitable.\u201d<\/p>\n<p class=\"puppeteer-article-text-type-element\">Kendrick\u2019s dour prediction is especially unwelcome in \u201cUptober,\u201d a historically bullish month for Bitcoin that has been <a href=\"https:\/\/www.dlnews.com\/articles\/markets\/uptober-bull-market-cut-short-as-trump-trade-deals-loom\/\" rel=\"noopener\" target=\"_blank\">put on ice<\/a> in 2025.<\/p>\n<p class=\"puppeteer-article-text-type-element\">Of late, risky assets like Bitcoin have fallen out of favour with investors. <\/p>\n<p class=\"puppeteer-article-text-type-element\">That\u2019s because of renewed tension between the world\u2019s top economic superpowers, pushing traders to seek assets traditionally seen as <a href=\"https:\/\/www.dlnews.com\/articles\/markets\/traders-out-of-safe-havens-it-is-bitcoin-time-to-shine\/\" rel=\"noopener\" target=\"_blank\">safe havens<\/a>. <\/p>\n<p class=\"puppeteer-article-text-type-element\"><a href=\"https:\/\/www.dlnews.com\/articles\/markets\/crypto-investors-pile-into-tokenised-gold\/\" rel=\"noopener\" target=\"_blank\">Enter gold<\/a>. The precious metal has been on a tear, topping $4,373 earlier this week before pulling back to around $4,000 on Wednesday.<\/p>\n<p>Gold rotation<\/p>\n<p class=\"puppeteer-article-text-type-element\">For Kendrick, we\u2019re seeing a rotation from gold into its <a href=\"https:\/\/www.dlnews.com\/articles\/markets\/investors-debate-if-btc-is-digital-gold\/\" rel=\"noopener\" target=\"_blank\">so-called digital version<\/a>. <\/p>\n<p class=\"puppeteer-article-text-type-element\">\u201cYesterday\u2019s sharp gold selloff coincided with a strong intra-day bounce in Bitcoin,\u201d wrote Kendrick. \u201cThis was presumably a sell gold, buy Bitcoin flow.\u201d<\/p>\n<p class=\"puppeteer-article-text-type-element\"><a href=\"https:\/\/www.dlnews.com\/articles\/markets\/bitcoin-digital-gold-narrative-challenged\/\" rel=\"noopener\" target=\"_blank\">Reality check<\/a>. Although Bitcoin believers have been touting the asset\u2019s similarity to gold, and its place in an investor\u2019s portfolio \u2014 especially during times of market distress like the one we\u2019re seeing today \u2014 Bitcoin has <a href=\"https:\/\/www.dlnews.com\/articles\/markets\/bitcoin-not-like-gold-invest-like-this-instead-says-stanchart\/\" rel=\"noopener\" target=\"_blank\">struggled to live up<\/a> to its claims. <\/p>\n<p class=\"puppeteer-article-text-type-element\">When markets panic, Bitcoin tends to tumble alongside tech equities rather than rallying with gold. The $19 billion liquidation event proved that point \u2014 Bitcoin acted like a leveraged stock and not a safe-haven. <\/p>\n<p>Debasement doubts<\/p>\n<p class=\"puppeteer-article-text-type-element\">Bitcoin\u2019s stumble calls into question its role in the so-called \u201c<a href=\"https:\/\/www.dlnews.com\/articles\/markets\/bitcoin-still-a-debasement-trade-even-as-gold-outperforms\/\" rel=\"noopener\" target=\"_blank\">debasement trade<\/a>\u201d \u2014 a bet against the government\u2019s ability to stay solvent. <\/p>\n<p class=\"puppeteer-article-text-type-element\">\u201cBitcoin has been in this awkward position where its main value proposition is as a store of value and protection against debasement, but it tends to trade with tech stocks instead of gold,\u201d Carlos Guzman, senior analyst at research firm GSR, previously told DL News.<\/p>\n<p class=\"puppeteer-article-text-type-element\">In this environment, gold has been the clear winner, surging over 50% this year as investors pull away from sovereign debt. Meanwhile, Bitcoin keeps getting caught in the crossfire whenever markets panic, undercutting claims it serves as a reliable inflation hedge or store of value during turmoil.<\/p>\n<p class=\"puppeteer-article-text-type-element\">Still, Kendrick added a silver lining to Bitcoin\u2019s ominous dip: \u201cIt may be the last time Bitcoin is EVER below $100,000.\u201d<\/p>\n<p class=\"puppeteer-article-text-type-element\">Pedro Solimano is DL News\u2019 Buenos Aires-based markets correspondent. Got a tip? Email him at <a href=\"https:\/\/www.dlnews.com\/articles\/markets\/bitcoin-faces-inevitable-dip-to-100k-says-standard-chartered\/mailto:psolimano@dlnews.com\" rel=\" nofollow noopener\" target=\"_blank\">psolimano@dlnews.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin has lost 10% of its value in the past fortnight. Standard Chartered says a trip to $100,000&hellip;\n","protected":false},"author":3,"featured_media":324649,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[7566,64,135,67,132,68],"class_list":{"0":"post-324648","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-business","10":"tag-markets","11":"tag-united-states","12":"tag-unitedstates","13":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115419580006674349","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/324648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=324648"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/324648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/324649"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=324648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=324648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=324648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}