Bitcoin May Sink To $50K Before Rallying, Standard Chartered’s Kendrick Warns
Standard Chartered’s Geoffrey Kendrick says Bitcoin could still face a final washout to $50,000 before recovering sharply, arguing that the current drawdown looks more like a macro-led tech capitulation than a crypto-specific breakdown. Speaking on Deribit’s Crypto Options Unplugged, Kendrick, the bank’s global head of digital assets research, said he still expects Bitcoin to end the year at $100,000 and reach $500,000 by 2030, even as he warned that the near-term setup remains fragile. “Picking the bottom is always extremely difficult,” Kendrick said, framing the recent selloff as mostly....
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Standard Chartered’s global head of digital assets research, Geoffrey Kendrick, has reaffirmed his standout price forecast for Bitcoin. Kendrick, who envisions BTC hitting $500,000 by 2028, bases his conviction on evidence of increasing institutional involvement — specifically pointing to sovereign wealth funds, state pension funds, and other large-scale investors. Sovereign Wealth Funds Enter The Bitcoin Fray According to a new report from Standard Chartered cited by The Block, Kendrick sees growing signs that government-backed investment vehicles are ramping up their interest in Bitcoin.....
Bitcoin hovered near the mid-$100,000s on Thursday, Oct. 23, as Standard Chartered’s global head of digital assets research Geoffrey Kendrick warned that a move below $100,000 by this weekend “seems inevitable”—while adding that any break could be fleeting the last last time bitcoin is ever below six figures. The remarks, delivered in a mid-week client note and shared by The Block, frame a tactical pullback inside a still-intact macro bull thesis the bank has championed for months. Last-Ever Bitcoin Dip Under $100,000 Ahead Kendrick’s message juxtaposes near-term caution with longer-term....
British mega bank Standard Chartered has made a bullish prediction for Bitcoin (BTC), the world’s largest cryptocurrency. The multinational bank has projected that Bitcoin will surge as high as $100,000 from its current price of above $60,000. Bitcoin To Reach $100,000 By US Election Day In a Tuesday note, Standard Chartered’s head of forex and digital assets research, Geoffery Kendrick predicted that Bitcoin could see its price rallying to $100,000 by the United States (US) election day in November. He also disclosed that the pioneer cryptocurrency is poised for “a fresh all-time” by....
The price of Bitcoin (BTC) continues to hover around the $114,000 mark as investor sentiment swings between optimism and caution. Related Reading: Analyst Shares Why He Bought A Massive Stack Of XRP, ‘It’s Not A Gamble’ According to Standard Chartered’s head of digital asset research Geoffrey Kendrick, the recent developments may mark a transformative phase […]
In a recent client note, Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, predicted that Bitcoin (BTC) could surge to $500,000 by the end of 2028. The executive attributed BTC’s potential extraordinary price rise to two major factors. Factors Propelling BTC Price While 2024 was a landmark year for the world’s largest cryptocurrency – seeing it reach multiple all-time highs (ATH) and surpass $100,000 for the first time – 2025 has seen more moderate price action. Since January 1, BTC has climbed from around $94,000 to $98,486 as of February 5. Related....