StandardChartered maintains Bitcoin forecast of $100,000 by end of 2026

Geoffrey Kendrick, global head of digital asset research at StandardChartered, said that the market has misunderstood Michael Saylor's adjustment of Strategy Inc.'s Bitcoin strategy, and that the recent selling pressure stems from confusion about the strategy rather than changes in Bitcoin's long-term prospects. Strategy Inc. is shifting Bitcoin from reserve accumulation assets to collateral that supports STRC preferred shares. Kendrick maintains Bitcoin's forecast of US$100,000 by the end of 2026. As of press time, BTC was trading at $64,322.89, and Strategy stock MSTR closed at $94.64 on Friday. STRC's outstanding notional value is approximately $10 billion, and Kendrick believes Bitcoin support has left the preferred stock in a highly overcollateralized state.