As the U.S. Treasury announced at least doubling the amount of longer-dated bond buybacks, Standard Chartered analyst Geoff Kendrick made a new Bitcoin (BTC) price prediction in a note shared with Cointelegraph on Aug. 19.
“Investors should now be positioning for a move at $100,000 by year-end 2026,” Kendrick predicted.
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Treasury’s announcement ‘exactly the type of thing’ Bitcoin loves, Kendrick says
The Treasury announced on Aug. 19 that it will increase the maximum size of buyback operations targeting 10- to 20-year and 20- to 30-year nominal coupon securities from $2 billion to at least $4 billion per operation.
The larger buybacks will begin Sept. 9, with further guidance on future purchase sizes due at its next quarterly refunding on Nov. 4, the Treasury added.
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The latest move is a measure designed to improve liquidity and reduce stress in longer-dated Treasuries.
As per Kendrick, the Treasury’s latest announcement is “exactly the type of thing Bitcoin loves.”
He underlined that the leading cryptocurrency has a historical tendency to benefit from government liquidity interventions and its fixed supply, which makes it resistant to monetary debasement.
The latest Treasury announcement led to Bitcoin rallying more than 5.5% over 24 hours to trade at $68,356 at the time of writing as per Decibel. The price move was in consensus with Kendrick’s thesis.
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This story was originally published by TheStreet on Aug 19, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
Read More: Standard Chartered makes new Bitcoin prediction on Treasury news
