Standard Chartered's crypto bull sticks to $100,000 bitcoin call despite 'painful' week

Geoffrey Kendrick, one of the most vocal crypto advocates, is sticking with his call for bitcoin to hit $100,000 by the end of ‌the year despite a "painful" week, with the global head of digital assets research ‌at Standard Chartered pointing to resilient long-term demand. The biggest crypto token has tumbled more than 15% since Monday, ​when Michael Saylor's Strategy, the largest corporate holder of bitcoin, disclosed that it had sold some of the holdings for the first time since 2022. "The timing of the sale was a shame," Kendrick wrote in a note to clients.