1 month ago
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Key Takeaways
- Standard Chartered’s Geoffrey Kendrick said Bitcoin could reach $100,000 by the end of 2026.
- Peter Schiff called the move above $72,000 a fakeout and argued that gold is the better trade.
- JPMorgan warned that Treasury buybacks may not prevent long-term yields from rising again.
- About $3 billion in crypto shorts were liquidated as Bitcoin broke out, amplifying the initial rally.
Standard Chartered turns the buyback into a Bitcoin call
The U.S. Treasury said it would at least double the maximum size of some buyback operations for older 10-to-30-year securities, to $4 billion per operation. The decision was aimed at liquidity in older bonds, not at launching a new Federal Reserve asset-purchase programme.
For Geoffrey Kendrick, Standard Chartered’s head of digital-assets research, the broader message was more important than the programme’s mechanics. Kendrick called it “exactly the type of thing Bitcoin loves” and said investors should position for Bitcoin to reach $100,000 by the end of 2026, according to Read Entire Article
English (US)