The cryptocurrency hit a record of $126,100 in early October before plunging in response to Mr Trump’s threat of 100pc tariffs on China.David Solomon, Goldman’s chief executive, told the Global Financial Leaders’ Investment Summit in Hong Kong there was likely to be a “10 to 20pc drawdown in equity markets sometime in the next 12 to 24 months.” Morgan Stanley boss Ted Pick also said investors should “welcome the possibility” of a market drop. He cautioned there would be “10 to 15pc drawdowns that are not dr ...