Bitcoin Bitcoin Bust Binge could trigger an accident: Stanchart

A recent wave of corporate bitcoin purchase could trigger an accident if a drop below $ 90,000 stretches the sale of panic, Standard Chartered warned.

“Bitcoin vouchers add to Bitcoin’s purchase pressure for the moment, but we see a risk that this can be reversed over time,” Geoff Kendrick, FX and crypto research in the bank said.

Bitcoin holders have doubled in the past two months, with a total of 100,000 BTC, said Kendrick. But unlike the first adopters as a strategy (formerly Microstrategy), most of these companies bought $ 100,000, he added.

If BTC falls at $ 90,000, around half of these companies are underwater, which increases the risk of a panic sales cascade that could trigger an accident, he said.

If Bitcoin drops by 22% below the average business membership price, Kendrick said that business buyers will probably be forced to sell.

The dollar in difficulty could increase the call of the BTC

Everyone is not a look at the recent BTC business bid. The CEO of Galaxy Digital, Mike Novogratz, says that the weakness of Bitcoin prices is temporary and sees it pass up to $ 150,000 soon, while the billionaire investor Tim Draper reiterated that he sees Bitcoin reaching $ 250,000 this year.

According to the company centered on the BTC Swan, the increase in institutional interest is part of a broader seismic change on the global financial market.

In a June 4 thread On X, the company said that BTC is deviating from its usual 4 -year cycle when a “massive change” takes place below the surface. Society noted that “a rare and dangerous split takes place” as the US dollar is weakening while Bond gives a push, warning that it is a “major red flag for world capital”.

While Bitcoin turns in stronger hands, the macro backdrop flashes warnings.

A rare and dangerous split takes place:
The US dollar is weakening while the obligations give a push.

It is not supposed to occur – and it is a major red flag for world capital. pic.twitter.com/izf7nobx1b

– Swan (@Swan) June 4, 2025

According to Swan, this prompted the institutions to join Bitcoin in the long term to preserve their capital.

CEO of Coinbase, Brian Armstrong, echoes a similar feeling on X yesterday, when he said that Bitcoin could exceed the US dollar as reserve currency if the electorate does not hold the congress responsible for the reduction of the American national debt.

If the electorate does not hold the responsible congress to reduce the deficit and start repaying the debt, Bitcoin will take over as a reserve currency.

I love Bitcoin, but a strong America is also super important for the world. We must master our finances.

– Brian Armstrong (@brian_armstrong) June 4, 2025

Armstrong shared a World of Statistics position which shows that the American national debt increased from 29.6 billions of dollars to 36.9 billions of dollars between 2021 and 2025.

Such an analysis sees investors continue to build in Bitcoin in the future, the dollar is weakening under the assembly of the American debt.

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