Deep Tide TechFlow update: On July 10, according to The Block, Standard Chartered said it is maintaining its forecast that Bitcoin will reach $100,000 by the end of 2026. The bank believes that recent market pressure is mainly due to insufficient communication after Strategy adjusted its Bitcoin strategy, rather than deterioration in its balance sheet.



Strategy is shifting from “never selling Bitcoin” to using Bitcoin as a credit support tool for its perpetual preferred stock STRC. Previously, after the company disclosed the sale of Bitcoin, the STRC price briefly deviated noticeably from its $100 par value. Standard Chartered believes that if the market gradually understands this new arrangement, the STRC price could return, thereby easing downside pressure on Bitcoin’s short-term price.
BTC1.16%
STRC2.03%
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