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Standard Chartered keeps $100K Bitcoin target, calls Strategy's selloff a communication issue.

Market News
10 Jul 2026
Benzinga
View Source
Bearish
pluang ai news

Standard Chartered maintains its $100,000 Bitcoin price target for the end of 2026, attributing recent market weakness to Strategy Inc.'s shift in Bitcoin use rather than financial troubles. Strategy, which holds over 4% of Bitcoin's supply, has moved from a 'never sell Bitcoin' stance to using Bitcoin as collateral for its preferred stock business. This change caused a drop in its preferred stock price, but Standard Chartered sees it as a communication challenge that, if addressed, could restore investor confidence and reduce Bitcoin sales.

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