Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, stated that the market misunderstood Michael Saylor's adjustment of Strategy Inc.'s Bitcoin strategy, and the recent selling pressure stems from confusion about the strategy. Strategy Inc. is shifting Bitcoin from a reserve accumulation asset to collateral supporting STRC preferred stock. Geoffrey Kendrick maintains Bitcoin's forecast of $100000 by the end of 2026. The BTC trading price was $64323, and Strategy stock MSTR closed at $94.64 on Friday. STRC has an outstanding nominal value of approximately $10 billion, and Geoffrey Kendrick believes that Bitcoin support puts the preferred stock in a highly oversold state. (Bitcoin.com News)