Bitcoin is “A Screaming Buy”: Standard Chartered Backs $100,000 Target, Shrugs Off Strategy (MSTR) Sell-Off
Standard Chartered maintains its $100,000 Bitcoin end-2026 target, calling BTC "a screaming buy" at $64,000. The bank argues Strategy's recent sell-off stems from poor communication about monetization strategy, not Bitcoin weakness. Strategy, holding 843,775 BTC, is pivoting toward using Bitcoin as backing for preferred stock paying 12% dividends, requiring clearer signaling to restore investor confidence.
Key takeaways
- 1Standard Chartered maintains $100,000 Bitcoin price target by end-2026, calling BTC at $64,000 'a screaming buy'.
- 2Strategy holds 843,775 BTC (4% of total supply) and pivots from 'never sell' to monetization via preferred stock paying 12% dividends.
- 3Strategy's stock sell-off reflects poor communication strategy, not Bitcoin weakness, requiring clearer signaling to restore investor confidence.
Coins in this story
Why it matters
For Indian retail investors, this signals institutional confidence in Bitcoin's medium-term price trajectory despite corporate holder volatility. Strategy's monetization model and preferred stock instruments represent new Bitcoin-backed financial products gaining mainstream adoption, affecting broader crypto asset credibility and regulatory perception globally.
Related stories
Japan's 'invest locally' plan likely to spur demand for assets like bitcoin, gold
Your day-ahead look for July 10, 2026...
Crypto Biz: How stablecoins found their niche
Stablecoins are carving out specialized roles as regulation reshapes the market, while Strategy’s Bitcoin sale and Vanguard’s tokenization push highlight crypto’s evolving financial landscape....
Hyundai becomes first major South Korean company to introduce internal stablecoin transfers
Hyundai became South Korea's first major company using stablecoins for live cross-border treasury transfers on Avalanche blockchain. The carmaker moved $20,000 from U.S. to Mexico operations in seven minutes via USDT, versus traditional banking's three-to-four hours. Expansion plans include European pilots with Circle and Visa, signaling enterprise stablecoin adoption beyond crypto trading for cost-efficient subsidiary transfers.