Nvidia: $5,000 Bitcoin Could Be A 2023 Black Swan

Dec. 09, 2022 4:35 PM ETNVIDIA Corporation (NVDA)BTC-USD60 Comments

Summary

  • A top 2023 black swan event is another 70% drop in Bitcoin prices to ~$5,000, according to research from Standard Chartered Bank.
  • Such a black swan event could generate sizable impacts on Nvidia stock prices (through psychological effects) and also earnings (through fundamentals impacts).
  • Based on my results, I view that Nvidia management is still underestimating the impact of their crypto exposure, likely as they did back in 2018.
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Black swan event (finance and money)

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Black swan events and thesis

Recently, Eric Robertsen, the head of research at Standard Chartered Bank, made a list of a few black swan events that could happen in 2023. Top on the list is the possibility for

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