Bitcoin (BTC) is flirting with highs, but opinions differ. Standard Chartered hesitates on its 100,000 dollars, Cory Klippsten prepares the assault of 80,000 dollars, and Peter Schiff sneers. Between crazy predictions and skepticism, one question persists: will the queen of cryptos finally keep her promises?
In brief
- Standard Chartered revises its target of $100,000 for bitcoin at the end of 2026, deeming it too conservative.
- Bitcoin at $76,844 (+24% in one week) boosted by ETFs and liquidations of shorts.
- $126,000 in sight? The market is already expecting forecasts to be exceeded.
100,000 dollars, a target too timid for bitcoin according to Standard Chartered
Geoff Kendrick of Standard Chartered dared to doubt. In a recently shared note, the strategist admits that his target of $100,000 for bitcoin by the end of 2026 could well be… too low. BTC, boosted by liquidations of shorts and the recovery of ETFs, could even flirt with its historic record of 126,000 dollars. The irony is that in February the bank revised this objective downward, from $150,000 to $100,000.
Today, the market seems to be ignoring these cautions. With bitcoin at $76,844 and ETFs breaking inflow records, Kendrick admits:
For the first time this year, there is a risk that my forecast is too conservative.
Bitcoin ready to break down the door to $80,000?
Cory Klippsten of Swan Bitcoin has just sounded the alarm in a chart showing BTC stuck under psychological resistance of $80,000, like a furious but still chained bull. However, with an increase of 24% in one week, the pressure is mounting and institutional investors via ETFs seem ready to act as a battering ram. But Klippsten is not fooled because this wall is not just a question of price, but of trust.
Because if bitcoin crosses the $80,000 mark, then the $100,000 from Standard Chartered might seem ridiculously low. Otherwise, it will once again be proof that the crypto market likes to play with the nerves of bulls. And let’s face it, after so much false hope, we would almost be surprised if it worked the first time.
BTC? A fakeout. Gold? True value, according to Peter Schiff
Peter Schiff does not change. For the king of precious metals, bitcoin’s rally above $72,000 is a fakeout, an illusion. For him, investors who believe that a return to easy money will make gold and bitcoin take off are only half right. Especially since the Fed has lost all credibility in his eyes.
With gold at $4,600, silver at $70 and oil at $87, markets are betting on lasting inflation. And in this case, only gold resists. Bitcoin remains a speculative bubble, an asset with no intrinsic value. Worse still, the latter even directly advises selling your bitcoin to buy gold. The height when we know that BTC has outperformed gold by 1,000% over 10 years.
Between the perhaps crazy dreams of Standard Chartered which see bitcoin at $120,000 this end of the year, the warlike optimism of Klippsten and the acid skepticism of Peter Schiff, one thing is certain: BTC divides. So in your opinion, historic rally to come or bull trap?
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