{"id":56275,"date":"2026-06-04T18:17:09","date_gmt":"2026-06-04T18:17:09","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/56275\/"},"modified":"2026-06-04T18:17:09","modified_gmt":"2026-06-04T18:17:09","slug":"standard-chartered-holds-100000-bitcoin-price-prediction-says-bottom-is-nearly-in-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/56275\/","title":{"rendered":"Standard Chartered Holds $100,000 Bitcoin Price Prediction, Says \u201cBottom Is Nearly In\u201d"},"content":{"rendered":"\n

Standard Chartered has maintained its $100,000 Bitcoin price prediction for year-end.<\/p>\n

Geoffrey Kendrick is bullish on Bitcoin due to three reasons including Strategy continuing BTC buys.<\/p>\n

Deeper crash risks are lower as leveraged longs available for liquidation are smaller than in earlier crashes.<\/p>\n

$920 billion Wall Street giant Standard Chartered maintained its $100,000 Bitcoin price prediction despite the crash to $61K lows today. The investment bank claimed Bitcoin bottom is almost near to trigger a buy-the-dip sentiment. The bank also remained optimistic on Strategy\u2019s aggressive Bitcoin buying and spot Bitcoin ETF inflows in the coming months.<\/p>\n

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Standard Chartered Maintains $100K Bitcoin Price Prediction, Suggests Buying <\/p>\n

In a note to clients<\/a> on June 4, Standard Chartered maintained its $100,000 Bitcoin price prediction for year-end. The bank claimed that the selling, driven by Strategy\u2019s surprise sale, spot ETF outflows, and crypto market liquidations, is likely over.<\/p>\n

Geoffrey Kendrick, the \u200bglobal head of digital assets research at Standard Chartered, said Bitcoin\u2019s bottom is \u201cnearly in place.\u201d He added that \u201cwhen we look back at the end of 2026 with Bitcoin price around $100,000, we will say this was the buying zone we all wanted.\u201d<\/p>\n

Bitcoin price has dropped more than 15% since Monday and is down around 30% for the year. While the crypto asset is trading near $64,000 after the US jobless claims rise, the bank has maintained its $100,000 Bitcoin price prediction.<\/p>\n

\"Bitcoin Bitcoin Plunge Rattles Strategy\u2019s Playbook. Source: Reuters <\/p>\n

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Three Reasons Why Geoffrey Kendrick Is Bullish <\/p>\n

First, Strategy had purchased more BTC after selling historically. When the firm last sold Bitcoin in 2022, it purchased more than it sold two days later.<\/p>\n

Geoffrey Kendrick said \u201cThe timing of the sale was a shame,\u201d but he expects an \u201caggressive\u201d Bitcoin buying by Strategy. Michael Saylor\u2019s Strategy sold Bitcoin<\/a> worth $2.5 million fund distributions on preferred stock.<\/p>\n

Second, spot ETF holdings are holding up better than feared. The cumulative net inflow since inception remains at $54.2 billion, similar to earlier in the year. Total BTC held by spot ETFs sits at approximately 674,000 BTC, down from a peak near 682,000 but broadly unchanged in structural terms.<\/p>\n

Third, the leveraged longs available for liquidation are smaller than in prior crashes. Bitcoin futures bets worth $1.5 billion were liquidated by exchanges during the current crypto market crash<\/a>, a figure in line with selloffs in January.<\/p>\n

Recently, Standard Chartered\u2019s Geoffrey Kendrick predicted that Strategy\u2019s BTC sale could trigger Ethereum\u2019s outperformance over Bitcoin<\/a>. The bank cut its 2026 Ethereum price target by 47% to $4000, but kept its $40,000 long-term prediction intact.<\/p>\n","protected":false},"excerpt":{"rendered":"Standard Chartered has maintained its $100,000 Bitcoin price prediction for year-end. Geoffrey Kendrick is bullish on Bitcoin due…\n","protected":false},"author":2,"featured_media":56276,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21387],"tags":[27550,24068,27549,23579,22791,20677,27548],"class_list":["post-56275","post","type-post","status-publish","format-standard","has-post-thumbnail","category-standard-chartered","tag-bitcoin-etf","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-chartered","tag-geoffrey-kendrick","tag-standard-chartered","tag-standard-chartered-holds"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116693214401890444","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/56275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=56275"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/56275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/56276"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=56275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=56275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=56275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}