Geoffrey Kendrick, the bank’s Head of Digital Assets Research, said concerns around Strategy appear to be a communication issue rather than a balance-sheet problem, The Block reported.
Standard Chartered is maintaining its $100,000 Bitcoin target and views Bitcoin at $64,000 as a “screaming buy.” Geoffrey Kendrick, Standard Chartered’s Head of Digital Assets Research, said recent worries tied to Strategy stem from a communication issue rather than a balance-sheet problem, according to The Block. The comment suggests the bank does not see the concern as undermining its broader bullish view on Bitcoin.