Standard Chartered Analyst Keeps 100k Bitcoin Target
Geoffrey Kendrick expects bitcoin to reach 100,000 dollars by year-end despite recent selling pressure following a rare divestment by Strategy. While the cryptocurrency has declined 27 percent this year, Kendrick suggests the current price levels represent a significant buying opportunity.
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STANDARD CHARTERED PLC analyst Geoffrey Kendrick reiterated a $100,000 Bitcoin price target despite the token falling 12% in the week through June 4. The digital asset has declined 27% this year, underperforming the S&P 500 index which rose 10.4% during the same period. The market correction follows the first divestment by the largest corporate holder of the asset since 2022.
