Standard Chartered: Maintains $100,000 Bitcoin Prediction by End of 2026

Odaily Planet Daily News – Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, stated that the market has misunderstood Michael Saylor's adjustment to Strategy Inc.'s Bitcoin strategy. Recent selling pressure stems from confusion over this strategy rather than changes in Bitcoin's long-term outlook. Strategy Inc. is transitioning Bitcoin from a reserve accumulation asset to collateral supporting STRC preferred shares. Kendrick maintains his $100,000 Bitcoin prediction by the end of 2026. As of press time, BTC is trading at $64,322.89, and Strategy's stock MSTR closed at $94.64 on Friday. The nominal value of STRC is approximately $10 billion, and Kendrick believes Bitcoin backing places these preferred shares in a state of high over-collateralization. (Bitcoin.com News).