Standard Chartered Maintains $100K Bitcoin Call, Lauds Strategy Despite BTC Dump

Bitcoin price has once again soared past the $64,000 mark today, with a daily surge of over 2%. Notably, the gain comes as Standard Chartered has maintained its BTC price prediction of $100,000 for 2026 end, despite the recent volatility in the asset’s value.

The investment banking firm has also revealed the possible reason behind the recent pullback in the flagship crypto. In addition, it also noted that the latest BTC selloff by Strategy might also have helped offer clarity to investors, which in turn might help in the upcoming rally.

Standard Chartered Remains Bullish on Bitcoin, Here’s Why

Standard Chartered said that the recent Bitcoin decline does not signal a weakening long-term trend. Instead, the bank argues that the pullback reflects confusion surrounding Strategy’s evolving Bitcoin strategy rather than any structural damage to the market.

According to Geoff Kendrick, the bank’s Global Head of Digital Assets Research, the market has misunderstood the company’s latest direction. He suggested that investors reacted more to messaging than to any fundamental shift in Bitcoin’s value proposition.

Meanwhile, the bank also said that Strategy is no longer focusing only on expanding its Bitcoin reserves through debt or equity issuance. Instead, it is increasingly positioning its Bitcoin holdings to support credit-focused financial products, including its perpetual preferred stock STRC.

Standard Chartered believes this transition could eventually reduce the need for future Bitcoin sales. For context, the report compared the approach to how central banks build market confidence through credible commitments.

Strategy’s Bitcoin Sale Fueled Concerns Initially

The Bitcoin sale by Strategy in early June has fueled concerns among market participants. The announcement has triggered panic, causing a drop in Bitcoin price from $80,000 to $60,000.

On the other hand, the MSTR stock and STRC also recorded a massive dip, which also suggested waning investor confidence. However, despite that, Standard Chartered has also said that BTC could hit $100,000 by 2026 end in early June.

Meanwhile, the bullish prediction and BTC’s surge to near $64,500 suggest that investors are regaining their confidence. Now, if Strategy successfully communicates its evolving treasury strategy, investor confidence could strengthen further.

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