"Since bitcoin's creation in 2009 there have been four prior bear markets, with price falls ranging from 28% to 92%, so the recent fall of 70% was nothing out of the ordinary."
That's rare, a leading bank releasing a sensible statement. Agreed, but to think the current bear market has reached it's low is a bit premature.
Coz this timely they have skins in $BTC - they want $BTC to rise. Wait till they have profitted and then want to buy the dip, who knows what crap they will throw out then?!
It’s encouraging that they cover it. If their institutional customers were not asking for coverage they wouldn’t produce it.