Standard Chartered calls Bitcoin near $64K a “screaming buy”
Macro & Markets ·
The bank’s digital assets research head says bitcoin trading around $64,000 presents a strong entry point and stands by a $100,000 price target for the end of 2026.
Standard Chartered's Geoffrey Kendrick, who leads digital assets research at the bank, argued that unease over Strategy's recent bitcoin sales stems from messaging problems rather than any deterioration in the company's balance sheet, according to The Block. He anticipates that STRC will climb back toward its $100 par value, a move he suggests would ease the pressure prompting Strategy to offload additional bitcoin.
The bank held firm on its long-standing forecast of $100,000 for bitcoin by the close of 2026, framing the current price of roughly $64,000 as an unusually attractive level to buy in, per the same report circulated through wublockchain.xyz.
That view aligns with separate coverage describing Standard Chartered's characterization of the recent selling activity as largely inconsequential, according to Decrypt, which likewise notes the bank's decision to keep its six-figure price call intact. Other outlets tracking the story have similarly framed the Strategy-related concerns as a matter of investor communication rather than a signal of underlying financial strain, with four distinct sources now reporting on the bank's stance.
What remains unclear is how quickly, if at all, STRC might return to its $100 par value, and whether that recovery would meaningfully change Strategy's bitcoin-selling behavior going forward. Also unresolved is whether other analysts or institutions will echo Standard Chartered's read on the situation, or whether bitcoin's price action in the near term will move in line with the bank's year-end 2026 projection.