Standard Chartered Bank: Bitcoin is expected to rise to $100,000 by the end of the year.
2026.08.20 00:38:29
Standard Chartered analyst Geoff Kendrick said Bitcoin could surge to $100,000 by the end of 2026, with its current key technical level at $65,500. A break above this threshold would likely confirm the low of the current cycle has already been set. He added: "Investors should now position for Bitcoin to reach $100,000 by the end of 2026." Beyond Bitcoin's four-year halving cycle, Kendrick also highlighted the U.S. Treasury's latest announcement to at least double the maximum size of certain long-term Treasury liquidity support repurchase operations. The single maximum repurchase amount for nominal coupon-bearing Treasuries with 10-to-20-year and 20-to-30-year maturities will be raised from $2 billion to at least $4 billion, with the expansion plan running from September 9 to November 4. Following the announcement, U.S. long-term Treasury yields fell sharply, easing some of the pressure on financial markets from the earlier bond sell-off. Kendrick called the Treasury's move "exactly the kind of action Bitcoin favors," noting that Bitcoin has historically benefited from government liquidity interventions.
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