I love people who pick a time frame (last six months, twelve months) and then make general statements about the future.
I understand that the crypto world is rife with perception issues. But for DB to come out and say silly things is amazing. DB is not in a great financial position and bankers (especially investment bankers) will never support a new process that effectively puts them out of business.
As with any financial advice, people need to do their own investigations and consider the position of the people giving the advice.
Imagine DBs balance sheet if people actually starting moving value without including them and their greedy little sticky fingers in every transaction.
ALL the world’s Central Banks and major public banks are buying Gold in historic quantities, not Bitcoins, Gold now certified as a “ Tier One Asset”. Dig deeper, ALL US and most world banks per Basel III agreements now must have Gold Revaluation Accounts”, ( GRA’s)....ever wonder why?
Joe Six Pack, youngsters, thin air digital types are always the last to know. I used to think the much talked about “ Great Reset”, transfer of Wealth was just rumor....but now in place...quietly, behind the scenes....transferring “ Wealth” will require a wipeout of paper, thin air, and debt assets....some will do just fine,
Most others? We shall see.
When it comes to things that are mostly or all opinion you have everything to gain by going with the opinion that favors your status even when there are facts that clearly don’t support you.
I happen to believe that 90% or more of trading is driven by just opinions. No real right or wrong, just an opinion that favors the position of the holder of the opinion. For some it all pays the same.