Deutsche bank predicts Bitcoin may reclaim $28,000 this year
According to a Thursday report published by Bloomberg, Deutsche Bank, a German multinational investment bank, has predicted that the price of Bitcoin could recover to $28,000 by the end of the year.
The rationale behind the modestly upbeat prediction is that the stock market is likely to partially recover by the end of the year. Due to a strong correlation with the tech-heavy Nasdaq 100, Bitcoin is likely to recover in tandem with U.S. equities, Deutsche Bank says.