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

Price Prediction Stocks

2026-07-11 22:37:37

STANDARD CHARTERED0.27%

BTC-0.50%

STRC2.03%

According to Standard Chartered, the bank's global head of digital assets Geoffrey Kendrick maintained a year-end 2026 Bitcoin price target of $100,000 as of July 11, clarifying that recent selling pressure stemmed from market confusion over Strategy Inc.'s shift in bitcoin strategy rather than fundamental outlook changes. The company is transitioning Bitcoin from a reserve accumulation asset to collateral supporting STRC preferred shares. Kendrick noted that Bitcoin backing places the preferred shares in a highly overcollateralized position, with STRC's outstanding nominal value at approximately $10 billion. BTC was trading at $64,322.89.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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