Standard Chartered Analyst Revises Bitcoin Price Prediction
NewsGeoffrey Kendrick, head of Digital Assets at Standard Chartered, adjusts Bitcoin price predictions due to U.S. ETF inflows.
- Standard Chartered Bank revises Bitcoin price target upwards.
- Institutional flows into Bitcoin ETFs surge to $5.3 billion.
- Bitcoin approaches $100,000, gaining over 3% recently.
Geoffrey Kendrick, head of Digital Assets at Standard Chartered, re-evaluates his earlier Bitcoin price projection due to massive U.S. ETF inflows.
Revised Bitcoin Price Target
The central figure in this story is Geoffrey Kendrick. As head of Digital Assets at Standard Chartered, he recently apologized for potentially underestimating Bitcoin’s price trajectory. His $120,000 target might be too low, reflecting increased institutional engagement. I apologise that my USD120k Q2 target may be too low. The shift follows $5.3 billion in U.S. spot Bitcoin ETF inflows, suggesting accelerated market participation. Bitcoin’s price has subsequently surged to near $100,000, up 3% recently.
Institutional Market Participation
Institutional interest, signified by $5.3 billion inflows, highlights Bitcoin’s growing attraction as a strategic asset. These flows signify a fundamental shift in investor strategy, pivoting away from traditional U.S. assets. Bitcoin’s dominant market narrative has shifted due to massive inflows and changing investment strategies. The crypto market’s enhancement is evident, with Bitcoin at the forefront. This could potentially lead to further price appreciation and expanded institutional involvement.
Regulatory Frameworks
The recent surge in investment, primarily from regulated Bitcoin ETFs, underscores the importance of U.S. regulatory frameworks. It also reflects increased market confidence in Bitcoin’s future role. Bitcoin’s ascent marks a pivotal moment, inviting further institutional analysis and regulatory consideration. The outcome may redefine how digital assets are perceived in global portfolios.
More From Crypto News
Aster (ASTER) Rises 4.88% in 24 Hours: What the Data Shows
Aster (ASTER) is trading at $0.655837, up 4.88% over the past 24 hours, according to CoinGecko data as of 19:13 UTC on November 11, 2026.
Bitcoin Misses Stock Rebound as ETF Outflows Hit Day Four
Bitcoin failed to follow a broad equity rebound on November 11, trading near $73,993 while Nasdaq-100 futures climbed 1.7% after CoreWeave posted an earnings be...
OCC Clears Coinbase National Trust Company for Crypto Custody
The OCC issued its decision in CD-1370 , formally authorizing Coinbase National Trust Company to operate as a federally chartered trust bank focused on digital-...
Reported Ankr Ethereum Bridge Drain Exceeds $303,000, The Defiant Says
The Ankr Ethereum Bridge was drained of more than $303,000 in an exploit carried out across five transactions.
Binance CFO Steps Down After Reported Hack, Co-CEO Cites Planned Transition
Binance’s chief financial officer has stepped down, the exchange confirmed, with the departure landing nine days after the platform suffered what has been descr...
US Treasury Takes Action Against MEXC Over Alleged $16B in Sanctions-Linked Transactions
The Treasury press release identifies MEXC as the subject of the action and ties the exchange to transaction flows connected to three sanctioned or adversarial...
