Woofun AI reports that Standard Chartered’s Geoffrey Kendrick reaffirmed the $100,000 bitcoin price target for the end of 2026. Kendrick clarified that recent selling pressure arises from market confusion regarding Strategy Inc.'s pivot to using bitcoin as collateral for STRC preferred stock, rather than a shift in long-term sentiment. With STRC notional value at $10 billion, the position remains heavily overcollateralized. BTC traded at $64,322.89, while MSTR closed at $94.64.