On the 18th (local time), Deutsche Bank, a leading global German bank, evaluated Bitcoin in its latest report.
The report predicted that Bitcoin’s market cap exceeded $1 trillion, and the price could rise further as institutional entry increases in the future. There is a possibility of a sustained rise.
The report believed that the value of bitcoin could continue to rise, but the lack of’liquidity’ as an investment asset was a drawback.
In addition, it is expected that the price of bitcoin will remain super volatile, and it is predicted that the supply-demand balance may be greatly affected by additional large-scale purchases or exit from the market.
Deutsche Bank analyst Marion Laboure said, “Bitcoin has become a non-negligible entity, and governments and central banks also acknowledge the existence of bitcoin and digital currency.” The government’s regulation will be in full swing,” he predicted.
On the other hand, he emphasized that “Bitcoin is a world leader in digital currency, and it is expected to become an important payment method in the future with the benefits of the network effect.” did.