Standard Chartered's Kendrick Sees Bitcoin Bottom Near
2026-06-04 11:24:11
Standard Chartered's global head of digital assets research, Geoff Kendrick, suggests that the recent downturn in bitcoin may be nearing its end. Despite a 14% drop in bitcoin over the past week, Kendrick believes the low is almost in, according to CoinDesk. He cites three factors: Strategy's potential to repurchase more bitcoin after selling 32 BTC last week, the resilience of ETF holdings despite a $5 billion net outflow, and the completion of significant bitcoin futures liquidations. Kendrick anticipates that by the end of 2026, BTC could reach $100k, making current levels a potential buying opportunity.
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