Standard Chartered maintains its $100k target price for Bitcoin by the end of 2026


Geoffrey Kendrick, head of digital assets research at Standard Chartered, said that recent market speculation about Strategy (formerly MicroStrategy) adjusting its Bitcoin strategy has been subject to some misinterpretation. The current selling pressure comes more from investors’ concerns about its financing arrangements, rather than any change in Bitcoin’s long-term fundamentals.
Kendrick noted that Strategy is gradually shifting its Bitcoin reserves to support collateral related to STRC preferred stock. This is an optimization of its capital structure and does not mean it is bearish on Bitcoin. He therefore continues to maintain his forecast that Bitcoin will reach $100k by the end of 2026.
As of the time of publication, Bitcoin was trading at $64,322.89, and Strategy (MSTR) closed at $94.64. In addition, STRC’s notional value is approximately $10 billion, and Kendrick believes that, backed by Bitcoin assets, this preferred stock still has a high level of collateral coverage. #BTC $BTC
BTC-0.37%
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