Standard Chartered cuts 2026 bitcoin forecast to $100,000, sees near-term slide to $50,000 - Seeking Alpha
Standard Chartered, a prominent international bank, has revised its forecast for Bitcoin, now predicting that the cryptocurrency will reach a value of $100,000 by 2026. This adjustment marks a significant decline from their previous estimate of $120,000. The bank's analysts attribute this downward revision to a combination of market dynamics and economic factors that have influenced Bitcoin's performance.
In the short term, Standard Chartered anticipates a drop in Bitcoin's price, projecting it could fall to around $50,000. This forecast reflects the bank's analysis of current market trends and investor sentiment, which have indicated increasing volatility in the cryptocurrency market. The price of Bitcoin has seen fluctuations, with recent trading hovering around $30,000, leading to concerns about its immediate future.
The bank's analysts believe that the broader economic landscape, including regulatory developments and macroeconomic conditions, will play a crucial role in Bitcoin's price trajectory. The tightening of monetary policy in various countries, as well as uncertainty surrounding regulatory frameworks, are factors that could contribute to further price pressures on the leading cryptocurrency.
Despite the bearish near-term outlook, the long-term forecast remains optimistic, with Standard Chartered still holding a bullish stance on Bitcoin's potential to recover and reach six figures by 2026. This reflects a belief in the cryptocurrency's underlying technology and its growing adoption in financial markets.
The revised predictions from Standard Chartered come amid a broader context where many institutional investors are reassessing their positions in the cryptocurrency space. As market participants navigate these changes, the focus remains on how external factors will shape the future of Bitcoin and other cryptocurrencies.
Key Takeaways
- Standard Chartered has lowered its Bitcoin price forecast for 2026 to $100,000, down from $120,000.
- The bank expects Bitcoin to experience a near-term decline, potentially dropping to $50,000.
- Economic factors and regulatory developments are cited as influences on Bitcoin's price movements.
- Despite short-term challenges, the bank maintains a long-term bullish outlook on Bitcoin's potential.
This article was inspired by reporting from Google News Crypto. · Report an issue