BlockBeats News, August 20th. Standard Chartered Bank analyst Geoff Kendrick stated that Bitcoin could rise to $100,000 by the end of 2026. The current key technical level is $65,500, and if this level is breached, it may confirm the low point of this cycle. He said, "Investors should now position themselves for Bitcoin to rise to $100,000 by the end of 2026."

In addition to the four-year Bitcoin cycle factor, Kendrick also mentioned the latest announcement from the U.S. Treasury Department, which stated that it will at least double the maximum size of the ongoing liquidity support buyback operation for some long-term bonds. The maximum one-time buyback size for 10-20 year and 20-30 year nominal coupon bonds will be raised from $20 billion to at least $40 billion. The expansion plan will be implemented between September 9th and November 4th.

Following the announcement, the yields on U.S. long-term bonds significantly declined, alleviating some of the pressure from the bond sell-off in the financial markets. Kendrick stated that the U.S. Treasury Department's action this time is "the type Bitcoin likes" and noted that Bitcoin has often benefited from government liquidity interventions.