Bitcoin has faced some tough times lately, but one top Wall Street expert sees big gains ahead. Geoff Kendrick, head of digital asset research at Standard Chartered, predicts the world’s largest cryptocurrency could jump this year. If you’re looking for the before it soars, Bitcoin is his clear choice.
Last year, Bitcoin hit a high of around $126,000. Then came a sharp drop. Investors worried about the economy, rising interest rates, and big holders selling off. But Bitcoin bounced back. It stayed strong amid growing geopolitical risks.
Why the resilience? Many see Bitcoin as . It acts as a safe haven during uncertainty. Lately, it has moved in line with gold prices. Events like political changes in Venezuela and U.S. legal actions against the Federal Reserve boosted its appeal.
Kendrick is a rare Wall Street voice focused on crypto. He has been bullish on Bitcoin for years. In December, he adjusted his 2026 price target. Down from $300,000 to $150,000 per coin. That still means about from early 2025 levels.
Current price hovers near $97,000. A move to $150,000 would be huge. Kendrick says Bitcoin remains a strong buy despite the tweak.
“There’s still plenty of room to run for Bitcoin.” – Geoff Kendrick
Kendrick’s caution comes from . These firms borrow money to buy Bitcoin. Michael Saylor’s Strategy (once MicroStrategy) pioneered this in 2020. It worked well at first, driving stock gains.
But stocks traded at big premiums over their Bitcoin holdings. Why buy the stock when you can get Bitcoin direct? Since mid-last year, these stocks fell hard. Now, DATs can’t raise easy cash for more buys.
Kendrick expects consolidation, not sales. But no more big buying support from DATs.
| Factor | Impact on Bitcoin |
|---|---|
| DAT Buying | Slowing down |
| Stock Valuations | Too high, now correcting |
| Future Outlook | Neutral to consolidation |
Not all news is cautious. Spot Bitcoin ETFs are a game-changer. They let institutions buy Bitcoin easily. Inflows have been steady.
The Trump administration helps too. New laws and orders cut red tape. This eases fears for big investors. Crypto gets a friendlier regulatory nod.
Geopolitical tensions and U.S. debt woes persist. Bitcoin shines as an inflation hedge. It has survived deep drops before, proving its strength.
Bitcoin tracks gold lately. Both rise in turmoil. Unlike stocks, crypto isn’t tied to company earnings. This makes it hard to value but exciting for growth.
Crypto moves fast. New factors pop up daily. It’s riskier than stocks. No earnings or cash flow like traditional firms.
Still, a small Bitcoin allocation adds diversification. Think long-term. Price targets are guesses in this volatile space. But history shows holding through ups and downs pays off.
Bitcoin’s track record: Multiple 80%+ crashes, yet all-time highs each cycle. Geopolitics and macro trends favor it now.
Key events could drive the :
Experts like Kendrick see $150K by 2026. That’s over 50% from today. But crypto can exceed expectations.
The crypto market cooled end of last year. Yet Bitcoin stands tall. With Kendrick’s endorsement, it’s the for 2025 gains. Don’t chase hype – focus on fundamentals.
If you believe in digital gold and institutional flows, Bitcoin fits. Add it wisely to your mix. The next leg up could start soon.
Ready to position for ? Research, invest smart, and hold tight.
This post dives deep into market analysis for educational purposes. Always do your own research before investing.
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