Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered and one of the cryptocurrency industry’s most outspoken supporters, has reaffirmed his forecast that bitcoin will reach $100,000 by the end of next year despite a sharp market downturn that he described as a difficult period for digital assets. Kendrick’s comments came after a challenging week for the cryptocurrency market, during which bitcoin fell more than 15% from levels seen earlier in the week. The decline followed a disclosure by Michael Saylor’s Strategy, the largest corporate holder of bitcoin, that it had sold a portion of its holdings for the first time since 2022.
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