Bitcoin’s Next Stop Might Be $50,000, Not the Moon, Says Standard Chartered Analyst

Geoff Kendrick, Standard Chartered's head of digital assets research, suggests Bitcoin risks deeper losses, potentially dropping to $50,000, as risk appetite wanes and macroeconomic pressures build, including weaker U.S. economic momentum and reduced expectations for Federal Reserve rate cuts. The bank has cut its year-end 2026 Bitcoin forecast to $100,000 from $150,000, citing these deteriorating macro conditions and the removal of ETF demand. Kendrick noted that falling digital-asset ETF holdings have removed a key demand source, and many ETF investors are now holding unrealized losses. Despite the near-term downgrade, Standard Chartered maintains a constructive long-term outlook, pointing to improving on-chain usage data and the absence of major platform failures seen in the 2022 cycle.

(Source：Bitcoin Magazine)