{"id":80600,"date":"2026-07-10T13:56:19","date_gmt":"2026-07-10T13:56:19","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/80600\/"},"modified":"2026-07-10T13:56:19","modified_gmt":"2026-07-10T13:56:19","slug":"standard-chartered-maintains-100000-bitcoin-target-for-year-end","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/80600\/","title":{"rendered":"Standard Chartered Maintains $100,000 Bitcoin Target for Year-End"},"content":{"rendered":"<p>Standard Chartered maintained its year-end Bitcoin price target at $100,000 and called the current range a &#8216;screaming buy.&#8217;<br \/>\nStrategy said it sold 3,588 Bitcoin for about $216 million and plans to use the proceeds for preferred stock dividends and reserve expansion.<br \/>\nJPMorgan said Strategy could increase digital-asset market volatility and two-way risk by becoming both a buyer and seller of Bitcoin.<\/p>\n<p class=\"_feedSummaryContent-module-scss-module__B3djzW__newsAnalyticsTitle\">Forecast Trend Report by Period<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/05\/Indicator.png\" alt=\"Loading Indicator\" data-hide-on-theme=\"light\" class=\"h-full w-full object-cover\" style=\"animation:var(--animate-spin)\"\/><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/05\/Indicator-dark.png\" alt=\"Loading Indicator\" data-hide-on-theme=\"dark\" class=\"h-full w-full object-cover\" style=\"animation:var(--animate-spin)\"\/>See more mid- to long-term trend analysis<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/07\/52f6ec43-14b5-495e-b2d6-a8f5a48848f7.webp\" alt=\"Photo: Shutterstock\" width=\"646\" role=\"presentation\" fetchpriority=\"high\"\/>Photo: Shutterstock<\/p>\n<p>Bitcoin has been trading sideways in the $60,000 to $70,000 range, but Standard Chartered has maintained its forecast that the cryptocurrency will climb to $100,000 by the end of this year.<\/p>\n<p>The Block reported on July 10 that Geoff Kendrick, Standard Chartered\u2019s global head of digital-asset research, reiterated a year-end Bitcoin target of $100,000 in a report. He described current prices as a \u201cscreaming buy\u201d and wrote that the recent pullback does not signal a break in Bitcoin\u2019s longer-term trend.<\/p>\n<p>Kendrick attributed Bitcoin\u2019s recent weakness to a shift in Strategy\u2019s approach. He wrote that the company had moved away from its previous stance of never selling Bitcoin and toward using the token as credit support for preferred stock. Because the company did not sufficiently explain that change to the market, short-term investor sentiment weakened, he said.<\/p>\n<p>Strategy sold 3,588 Bitcoin last week for about $216 million. The company plans to use the proceeds to pay preferred stock dividends and bolster reserves.<\/p>\n<p>Kendrick added that if the strategic shift is properly communicated to the market, prices of Strategy\u2019s preferred shares could recover, reducing the need for additional Bitcoin sales.<\/p>\n<p>JPMorgan, however, said the change in Strategy\u2019s approach could increase Bitcoin volatility. By becoming both a buyer and a seller of Bitcoin, the company may create unnecessary two-way risk in the digital-asset market, the bank said.<\/p>\n","protected":false},"excerpt":{"rendered":"Standard Chartered maintained its year-end Bitcoin price target at $100,000 and called the current range a &#8216;screaming buy.&#8217;&hellip;\n","protected":false},"author":2,"featured_media":80601,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21387],"tags":[3408,25432,8996,25430,25431,25437,25436,25434,25433,25435,12735,24500,25438,20677],"class_list":["post-80600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-standard-chartered","tag-bitcoin","tag-bitcoincommunity","tag-blockchain","tag-bloomingbit","tag-coincommunity","tag-coininfo","tag-coininvest","tag-coinnews","tag-coinreview","tag-coinstats","tag-cryptocurrency","tag-ethereum","tag-solana","tag-standard-chartered"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116896031297732212","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/80600","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=80600"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/80600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/80601"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=80600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=80600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=80600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}