I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin.
https://i.imgur.com/06rcklo.jpgThere is no doubt about it. Bitcoin itself is a decentralized digital currency that can get rid of banks and conduct peer-to-peer transactions directly. If I take your job away, aren't you in a hurry? The reason why the bank said this is nothing more than one purpose, hoping that Bitcoin will become history. Now that such a point of view is published to create panic and make everyone return to the newcomers to the bank, the business volume will naturally grow rapidly. This is also the struggle between traditional finance and decentralized finance.