Standard Chartered sees signs of Bitcoin bottom ahead of Strategy update

• Standard Chartered's top digital assets analyst, Geoffrey Kendrick, believes Bitcoin has hit its cycle bottom around $59K and forecasts a year-end target of $100K.
• Key factors supporting this optimistic outlook include persistent corporate treasury buying, notably by MicroStrategy, and resilient inflows into spot Bitcoin ETFs.
• The analysis suggests a shift from previous crypto winters, with institutional capital and regulated on-ramps playing a more significant role in market stabilization.

Topics: Asset types, Institutional adoption, Scalability, Financial instruments, Asset manager initiatives, Institutional capital inflows

Tags: #bitcoin #standardchartered #geoffreykendrick #cyclebottom #microstrategy #michaelsaylor #spotbitcoinetfs #corporatetreasury #yearendtarget #cryptowinter

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Bitcoin Price Prediction: Standard Chartered Says $59K Marked Cycle Bottom

Bitcoin price prediction improves after Standard Chartered says the $59K low marked the cycle bottom amid SpaceX IPO demand.

• Standard Chartered analyst Geoffrey Kendrick believes Bitcoin's $59,000 low marked the cycle bottom, with a year-end target of $100,000.
• The recent sell-off was attributed to ETF outflows, liquidity stress from the SpaceX IPO, and macro fears, which are now expected to ease.
• Ethereum also maintained its $4,000 target, with expectations of outperformance if market confidence returns.

Topics: Institutional adoption, Scalability, Market cycles macro sensitivity, Asset manager initiatives, Institutional capital inflows, Interest rate sensitivity

Tags: #bitcoin #standardchartered #priceprediction #cyclebottom #spacexipo #etfflows #liquidity #ethereum #geoffreykendrick

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