According to Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, the recent $19 billion cryptocurrency market downturn may present a strategic accumulation phase for investors. In an exclusive discussion with Cointelegraph, Kendrick indicated that as market volatility subsides over the coming weeks, this correction could establish the foundation for Bitcoin’s potential ascent toward the $200,000 threshold. The banking institution’s analysis suggests that current price levels offer favorable entry points ahead of anticipated institutional adoption and macroeconomic factors that could drive substantial capital inflows into digital assets. Standard Chartered maintains that Bitcoin’s fundamental value proposition remains intact despite short-term market fluctuations, with the bank’s research team identifying several key catalysts that could propel the flagship cryptocurrency to new all-time highs within the current market cycle. The assessment comes amid growing institutional interest in cryptocurrency exposure and evolving regulatory frameworks that continue to shape market dynamics.
