“Whenever you have things like the Silicon Valley Bank example, March 2023, or things like US Treasury or Fed independence type stories coming up, for me that’s the turn of the tide,” Kendrick said.<\/p>\n
BTC’s price<\/a> was down roughly 1% on Sunday, trading at the $76,500 level. On Stocktwits, the retail sentiment around BTC remained in the \u2018extremely bullish\u2019 zone, while chatter around it stayed at \u2018extremely high\u2019 levels over the past day.<\/p>\n Kendrick said he was sticking with his forecasts that were \u201cmuch higher, medium term.\u201d Standard Chartered maintained a\u00a0long-term Bitcoin target of $500,000<\/a>, pushed from 2028 to 2030 last December, after cutting new projections.<\/p>\n He acknowledged that crypto had been overshadowed by AI-driven excitement and the initial public offering (IPO) season. “There’s just been so many other easier things to make money,” Kendrick said. “It’s pretty exciting, and I would say crypto is back.”<\/p>\n Building The Rails<\/p>\n Kendrick’s bullish call arrived as Standard Chartered deepens its own crypto infrastructure. On Tuesday, the bank\u00a0announced<\/a> that it had completed the first live cross-border transaction using tokenized deposits on SWIFT\u2019s blockchain-based ledger alongside HSBC, a milestone in connecting regulated bank money with distributed ledger technology. The transaction was a part of a broad pilot involving 17 banks across six continents.<\/p>\n Kendrick’s view also aligned with a growing chorus of institutional voices calling the bottom this week, with macro investor Jordi Visser separately arguing that Bitcoin was\u00a0an “anti-decay” hedge<\/a> as AI-driven competition compressed returns across every traditional asset class.<\/p>\n Read also:\u00a0Ripple CEO Brad Garlinghouse Calls CFTC\u2019s New Crypto Panel An \u2018Olympic Roster\u2019<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n![\"Screenshot](\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/08\/Screenshot_2026_08_23_at_5_19_06_AM_dc531569e8.png\")
BTC retail sentiment on August 23 as of 5:20 a.m. ET | Source: Stocktwits$500K Target Stands<\/p>\n
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