Deutsche Bank Analyst Marion Laboure Says Bitcoin Is Here To Stay As Digital ...
Bitcoin has gotten some wild, and not so wild, predictions from analysts recently. The growth of the digital currency this year has led some analysts to predict that the digital asset was not done growing just yet. One thing has mostly remained constant across the predictions. The value that bitcoin carries cannot be denied. Bitcoin […]
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Mass adoption of bitcoin is just a matter of time, and as the world faces that fact traditional financial institutions are warming up to the digital coin. Deutsche Bank analyst Marion Laboure has stated once more that Bitcoin could become “the 21st century digital gold,” but does not it as a reliable store of value […]
An analyst from global banking giant Deutsche Bank expects Bitcoin will enjoy a “first-mover advantage" over other cryptocurrencies for the foreseeable future. Marion Laboure, an analyst at Deutsche Bank’s research division, said she can envision Bitcoin taking the role of digital gold in the future: lasting for centuries and largely not controlled by the government.In an update to Deutsche Bank’s website on “what’s next” for the largest banking institution in Germany, Laboure said she could “potentially see Bitcoin to become the 21st century digital gold,” but warned investors against the....
Another legendary investor has revealed a position in Bitcoin and Ethereum as the cryptocurrencies approach their all-time highs. In an interview with CNBC billionaire Barry Sternlicht claimed that he has purchase BTC and ETH joining the ranks of Elon Musk, Michael Saylor, and Paul Tudor Jones. Related Reading | Deutsche Bank Analyst Marion Laboure Says Bitcoin […]
Deutsche Bank analysts forecast a 30% recovery for Bitcoin by December driven by correlation to S&P 500. Analysts from Deutsche Bank forecast Bitcoin (BTC) rebounding to $28,000 by December 2022 as the cryptocurrency market continues to grapple with gloomy times.Bitcoin and the wider cryptocurrency markets have endured a tough six months, with the value of BTC, in particular, enduring its worst quarter in 10 years. Macroeconomic conditions around the world have played a role, with stagnating markets and fears of inflation driving conventional stock markets and their crypto-counterparts....
A U.S. consumer survey by investing powerhouse Deutsche Bank provides “bullish” insights into the crypto market. As an unlikely but welcomed source of hope during crypto market jitters, Deutsche Bank’s report, the “Future of Cryptocurrencies,” sheds light on potentially bullish cryptocurrency activity. A survey critical to the report suggests that neither traders nor investors are likely to part with their crypto holdings in the event of a bear market. Marion Laboure, a director of macro strategy at Deutsche Bank, told Cointelegraph:“It is interesting to note the deep bullishness for....