Analysts allow a further drop in the cryptocurrency market amid political uncertainty in the United States

The lack of progress in the creation of a bitcoin reserve, which disappointed the press conference of Cryptosar David Sax and sharp turns around trade duties caused uncertainty among investors, which was fraught with new turbulence, said the head of Skybridge Capital Anthony Skaramucci and experts from the QCP Capital.

However, at the distance cryptocurrencies will come out “winners”. For example, Standard Chartered analysts allow bitcoin an increase of $ 500,000 until the end of Trump's presidency.

Standard Chartered

Standard Chartered PLC — это транснациональная корпорация, предоставляющая финансовые услуги, основанная в 1969 году в результате слияния Chartered Bank of India, Australia and China и Standard Bank of British South Africa. Штаб-квартира компании находится в Лондоне, хотя в Великобритании она не имеет отделений. Основные регионы деятельности включают Азию и Африку, в частности Гонконг и Сингапур.

Key facts about Standard Chartered:

• Capitalization: 15.5 billion pounds (as of 08.06.2021).
• Number of employees: 83 600 (for 2020).
• The main divisions: corporate and institutional banking, serving more than 5,000 customers in more than 50 countries.
• Financial indicators for 2020:
  • Operational income: $ 14.765 billion.
  • Pure interest income: $ 6.85 billion.
  • Assets: $ 789.1 billion.
  • The size of deposit deposits: 439.3 billion dollars.

Standard Chartered has been actively working in Hong Kong since 1859 and is one of three banks that produce Hong Kong dollars. In 2017, the bank’s assets in Hong Kong amounted to $ 140 billion. In South Korea, the company is represented by a subsidiary of Standard Chartered Korea, formed after the purchase of Korea First Bank in 2005.

In the UK, Standard Chartered does not provide retail banking services, focusing at corporate and institutional banking, as well as on private banking with centers in London and on the island of Jersey.