Oh, darling, buckle up! Geoffrey Kendrick from Standard Chartered is here to tell us Bitcoin might take a little holiday to $50,000 before it decides to be fabulous again. Apparently, it’s not a crypto meltdown, just a macro-led tech tantrum. How très dramatic!
On Deribit’s Crypto Options Unplugged (yes, that’s a real thing), Kendrick, the bank’s digital assets guru, spilled the tea: Bitcoin’s still hitting $100K by year-end and a cool $500K by 2030. But first, a quick dip to $50K because, you know, why not? “Picking the bottom is hard,” he sighed, like a man who’s lost his keys in a club at 3 AM. The selloff? Mostly orderly, except for those weeks when it went full chaos. Institutional investors? Holding on tighter than a clutch bag at a wedding.
But wait, there’s more! Kendrick thinks we might still get that final capitulation, maybe macro-driven because Bitcoin’s still cosying up to the Nasdaq like it’s their awkward office romance. Weak earnings from Big Tech and the Fed playing hard to get? Recipe for a crypto dip, apparently. $50K? Plausible. But hey, at least it’s not as bad as the last cycle’s 75% nosedive. Silver linings, people!
Why Kendrick’s Still Team Bitcoin (Even When It’s Being a Drama Queen)
Long-term, Kendrick’s as bullish as a bull in a china shop. His secret sauce? Stablecoins and tokenized real-world assets. Last year, he predicted stablecoins would hit $2 trillion by 2028. Now they’re at $300 billion, mostly because people in emerging markets are using them as savings accounts. Who needs banks when you’ve got crypto, right?
“It’s not just about trading anymore,” Kendrick mused, probably while sipping a latte. “It’s about people storing value like it’s a digital piggy bank.” And if stablecoins keep growing, he reckons the US Treasury might start issuing more short-term bonds, flattening the yield curve, and making the dollar even more irresistible. Ironically, that could be Bitcoin’s fairy godmother moment.
“$50K, then $100K by December, and $500K by 2030,” he declared, like a fortune teller with a spreadsheet. “Stablecoins could be the wind beneath Bitcoin’s wings.” And he’s not stopping there-Ethereum to $40K, Solana to $2K, and tokenized assets hitting $2 trillion by 2028. Ambition? Check.
For now, though, Kendrick’s message is: chill. The price is a diva, but the underlying metrics are glowing up. Adoption? Thriving. Price? Having a moment. At press time, Bitcoin’s lounging at $70,260, probably sipping a martini and plotting its next move.
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2026-03-11 09:58