This Major Bank Makes Bullish Prediction About Bitcoin

Deutsche Bank of Germany predicts bitcoin could recover soon.

The Wall Street giant Deutsche Bank has predicted that bitcoin is about to get out of bear market.

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The German bank’s analysts compared Bitcoin’s prospects to the $72 billion diamond market.

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The bank predicted that the price of Bitcoin might hit the $30,000 mark by the end of 2022.

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According to bank’s analysts, Bitcoin is more comparable to diamonds than digital gold.

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Bitcoin is more closely related to American stock markets than anything else, according to the Wall Street giant.

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Bitcoin has failed to prove itself as a hedge against inflation.

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Bitcoin’s prices fell in response to rising inflation and the threat of a worldwide recession.

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