Standard Chartered maintained its bullish expectation despite the recent sharp fluctuations in Bitcoin. The bank predicts that the largest cryptocurrency in terms of market value could rise to $100,000. In the current table, where BTC is traded at approximately 64 thousand dollars, the institution argues that these levels offer a strong buying opportunity.
Calmer approach to sales concerns
According to the bank, concerns about Strategy-driven Bitcoin sales in the market remained exaggerated. Strategy is known as one of the companies that holds the most Bitcoin on the corporate balance sheet. Recently, discussions regarding the company’s financing structure have put additional pressure on the Bitcoin price.
Last month, BTC fell amid concerns that the Virginia-based company’s dividend-paying preferred stock, STRC, had fallen below $100. This withdrawal strengthened the expectation that the company’s capacity to raise capital may weaken and this could bring new Bitcoin sales to the agenda.
Standard Chartered evaluates that the Strategy-related sell-off fear is overpriced by the market and that Bitcoin maintains the potential to head towards $ 100 thousand again.
The bank now expects Bitcoin to regain that threshold. In this scenario, it is thought that Strategy’s need to sell additional BTC may be eliminated. The institution calculates that the company can meet its financial obligations without additional sales in this case.
Prediction history creates controversy
However, Standard Chartered’s price targets are viewed cautiously in the market. The bank had previously announced very optimistic expectations, but not all of these predictions came true. For this reason, the latest evaluation stands out as the institution’s own projection rather than a market-wide consensus.
The bank increased its year-end Bitcoin forecast to 150 thousand dollars in 2024. He also predicted that the last bullish cycle would peak at $250,000 in 2025. While BTC was having difficulty approaching these levels, institutional analysts maintained their expectation of $ 200 thousand for the end of the previous year, stating that the demand from ETF inflows and corporate balance sheets appeared stable.
The weakening of risk appetite, ongoing outflows on the ETF side, and declining expectations for interest rate cuts by the US Federal Reserve led the bank to lower its projections.
Following weaker risk appetite, ongoing outflows from spot ETFs, and weakening expectations for the Fed’s interest rate cuts, the bank first reduced its forecasts to $150,000 and then to $100,000 for 2026. Despite this, Standard Chartered maintains its view that short-term volatility has not completely disrupted the long-term bullish thesis.
