Standard Chartered Analyst: Treasury Buybacks Could Propel BTC to $100,000

Standard Chartered analyst Geoff Kendrick noted that the U.S. Treasury will double its 10-30 year bond buyback program to $4 billion between September 9 and November 4. This liquidity intervention is expected to lower bond yields and benefit Bitcoin, potentially driving it to $100,000 by year-end. Kendrick identified $65,500 as the critical support level for confirming the cycle bottom.