NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Stifel says Three Macro Factors Could Drop Bitcoin Price To $10,000

Kashif (Dany) Saleem
Kashif (Dany) Saleem
3 years ago
3 mins read
Stifel

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Stifel’s Chief Equity Strategist and Managing Director Barry Bannister believe that by 2023  bitcoin could lead to a plunge in price to $10,000.

When discussing bitcoin’s price with Business Insider, Bannister said that a tightening of Federal Reserve policy and reducing the balance sheet would negatively impact bitcoin’s value.

Related Reading | Bitcoin Sets Stage For Reversal As Unmoved Supply Nears All-Time High

The price is closely tied with the global money supply regarding bitcoin. Therefore, the strategist identified this first essential macro factor and cited that since the S&P 500 moved into the US dollar as its power base, any given Supply/Demand situation will affect BTC value.

If the money supply measure known as M2 slows down, it is likely that US financial status will tighten. Stifel Managing Director, Bannister believes this would cause a crash in bitcoin prices and other speculative assets like stocks or bonds. These are also denominated through loans given by banks with an interest rate attached.

Bannister pointed the Fed’s tightening could stop bitcoin’s growth as a second macro factor. In addition, the 10-year US Treasury yield has been increasing, and this will likely result in a surge. Overflow halts or slows down bitcoin transactions.

Bannister said;

In 2022, we see bitcoin in a broad trading range bounded by year-to-date intra-day levels with greater downside risk in 2023 <…> If the rising 10Y TIPS yield pulls gold lower, that also pressures Bitcoin. If Bitcoin divided by gold falls to the low end of its range (Fed tightens). Bitcoin could drop to $10,000 by 2023.

Lastly, the analyst from Stifel said that the Fed’s decision to tighten would create a lower equity risk premium. The action is good for bitcoin’s growth.

Analysts Vs. Stifel Predictions

With the Federal Reserve announcing it will ease its tightening, bitcoin could be set for a correction.

Bitcoin Price
Bitcoin price is below its $38,000 support | Source: BTC/USD Chart on Tradingview.com

There is a deep dive in the cryptocurrency market, and bitcoin’s value has dropped by almost 9.4% in a week. If Bannister’s projection becomes true, this will be a more than a 75% drop from its current state.

Related Reading | Bitcoin Plunges Below $40 As Russia Has Reportedly Given Its Forces Order To Attack Ukraine

Several analysts report that bitcoin will likely crash further but rebound to a new all-time high. As written by InTheMoneyStocks’ chief market strategist, Gareth Soloway, bitcoin’s price is expected to move back up above $17,000 in the coming weeks or months.

However, Soloway believes that bitcoin will not last in the position for much longer. He said this based on how de-leveraging has affected digital assets as a whole and not just cryptocurrency specifically.

Yet, it won’t be the first time we will see a low of $10,000. For instance, in December 2017, BTC reached its high at around $20,000 and then went into winter. This resulted in an 80% plunge before finally recovering some ground.

Investors will likely opt for cryptocurrencies when interest rates rise, boosting digital assets. According to our report by Pantera Capital CEO Dan Morehead, increased stability in USD may lead people towards bitcoin over other coins because it’s more hedged against inflation risk while still being transnational.

                 Featured image from Pixabay, chart from TradingView.com
Tweet123Share196ShareSend
Kashif (Dany) Saleem
Kashif (Dany) Saleem

Kashif (Dany) Saleem

Veteran crypto and finance writer & editor.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Tron Energy Usage Surges 108% YoY – Smart Contract Activity Accelerates

Tron Energy Usage Surges 108% – Smart Contract Activity Accelerates

Tron (TRX) has captured investor attention once again with major developments surrounding its future. On Monday, Nasdaq-listed SRM Entertainment (SRM.O)...

Sebastian Villafuerte 5 hours ago
ChatGPT voorspelt: BTC koers riskeert crash onder $100k – kan Bitcoin instorten?

ChatGPT voorspelt: BTC koers riskeert crash onder $100k – kan Bitcoin instorten?

De Bitcoin koers heeft de afgelopen weken behoorlijk wat zenuwen getest. Scherpe dalingen, snelle herstelpogingen en een constant gevecht rond...

Lars Diederiksen 7 hours ago
Solana, Aptos, memecoin, Avalanche, BNB

BNB Price Breakout Could Trigger ATH Rally Repeat – Is $730 The Next Stop?

Amid the market performance, BNB is attempting to reclaim the $650 level. Some analysts believe that a breakout toward the...

Rubmar Garcia 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Price Breakdown Spurs Sell-Offs, Analyst Reveals What Will Happen If BTC Hits 92,800

Scott Matherson 58 minutes ago
Ethereum Charts Signal Potential Bottom – All Eyes On Next Move

Ethereum Charts Signal Potential Bottom – All Eyes On Next Move

Sebastian Villafuerte 2 hours ago
Bitcoin

Bitcoin Net Taker Volume Enters Deep Red On Binance — What’s Next For BTC Price?

Opeyemi Sule 3 hours ago

Premium Sponsors

Top Brands

Press Releases

  • 新しい仮想通貨の最新動向|EnteriseCoin・HyperQuantum・BTC Bull Tokenの注目リリース情報

    ...

    2 hours ago
  • ミームコイン注目3選|この夏に急騰が期待される銘柄とは?

    ...

    2 hours ago
  • 仮想通貨プレセール加速中、米利下げ観測で注目集まる次世代レイヤー2プロジェクト

    ...

    3 hours ago
  • 仮想通貨おすすめ|今注目のL2プロジェクト、調達額5,500万ドル突破で上場目前!

    ...

    3 hours ago
  • 仮想通貨1000倍の可能性|Dogecoin・XRP・SolanaのETF承認が近づく中で注目すべき銘柄とは?

    ...

    3 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.