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Evening Standard
Evening Standard
Business
Simon Hunt and Michael Hunter

How a deeper crypto crash in 2023 could spark a gold rush

The Bitcoin price has sunk almost 25% over the past month

(Picture: Alamy Stock Photo)

December is the time of year when City experts are on the look out for potential surprises in the year ahead. While their festive-season warnings are not full forecasts, they often contain some of the most tantalising prospects for market watchers.

This year, Standard Chartered says it’s possible that one of the most traditional stores of wealth could be well-placed to benefit from the storm over one of the newest global asset classes. Gold could be about to take off in 2023 should the collapse in crypto assets, including Bitcoin, continue.

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