1 Top Cryptocurrency to Buy Before It Soars 55% This Year, According to Standard Chartered's Geoff Kendrick

• Geoff Kendrick, caput of integer plus probe astatine Standard Chartered, is 1 of the fewer Wall Street analysts who regularly publishes crypto research.

• Cryptocurrencies sputtered astatine the extremity of past year.

• Still, Kendrick sees upside, particularly for 1 of the world's largest cryptocurrencies.

• 10 stocks we similar amended than Bitcoin ›

After topping retired astatine $126,000 past year, Bitcoin (CRYPTO: BTC) experienced a large sell-off arsenic investors grew acrophobic astir the system and the trajectory of involvement rates, and arsenic Bitcoin whales with immense holdings began selling. However, Bitcoin has been resilient, peculiarly arsenic geopolitical tensions person mounted.

While expectations for the token successful 2026 person been pared backmost a bit, there's inactive plentifulness of country to run, according to Geoff Kendrick, Standard Chartered's caput of integer plus research. Kendrick thinks the coin is simply a bargain and tin surge arsenic overmuch arsenic 55% this twelvemonth alone.

In the crypto world, things tin alteration precise fast. There are ever seemingly caller factors affecting cryptocurrencies, which are much hard to worth than accepted publically traded stocks, mostly due to the fact that they not backed by businesses that make net and escaped currency flow, astatine slightest successful a accepted sense.

Kendrick has agelong been bullish connected Bitcoin, but helium chopped his outlook for the world's largest token successful December, lowering his 2026 terms people from $300,000 per coin to $150,000, which implies astir 55% upside from existent levels (as of Jan. 15). Part of the crushed Kendrick chopped his terms people is that helium is much bearish connected integer plus treasury companies, which fundamentally pat the superior markets to get superior that they past usage to acquisition Bitcoin.

Specifically, we deliberation buying by Bitcoin integer plus treasury companies (DATs) is apt over, arsenic valuations ... nary longer enactment further Bitcoin DAT expansion. We expect a consolidation alternatively than outright selling, but DAT buying is improbable to supply further support

DATs got their commencement erstwhile Michael Saylor's Strategy (formerly known arsenic MicroStrategy) successful 2020 utilized its ain superior to bargain Bitcoin, and yet gained capable credibility to statesman tapping the superior markets for currency to marque inactive much Bitcoin purchases. The strategy proved precise successful, starring to immense gains successful the stock. However, galore analysts questioned valuations due to the fact that the stocks of Bitcoin treasury companies traded astatine immense premiums comparative to the magnitude of Bitcoin they really owned.

Why spell bargain a banal trading astatine a immense premium to its nett plus worth erstwhile you tin simply acquisition Bitcoin itself? Since the mediate of past year, Strategy banal has been plunging. With valuations down, that could besides inhibit DATs' quality to rise arsenic overmuch superior for buying Bitcoin.