Standard Chartered Says Bitcoin Must Hold the Line for DeFi to Beat TradFi | US Crypto News

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee! Standard Chartered’s latest market note is not just about price targets. Geoff Kendrick, the bank’s Head of FX and Digital Assets Research, says Bitcoin now carries the weight of DeFi’s future. If it collapses, so could the dream of decentralized finance.

Crypto News of the Day: Standard Chartered Says Bitcoin Carries the Weight of DeFi’s Future

Standard Chartered’s Head of FX and Digital Assets Research, Geoff Kendrick, has warned that DeFi’s future hinges on one crucial condition: that Bitcoin remains structurally sound.

Speaking ahead of the Singapore FinTech Festival (SFF), Kendrick described Bitcoin as the “apex asset” underpinning DeFi’s growth. He also noted that any major collapse would undermine the broader digital finance movement.

“It is fair to say these days I spend most of my time talking about DeFi taking over TradFi…but for that to be possible, as the apex asset, Bitcoin needs to not collapse,” Kendrick wrote in an email.

His comments come as institutions, regulators, and innovators plan to converge in Singapore next week to discuss blockchain infrastructure and the future of open finance.

For Standard Chartered, one of the few major banks to actively publish digital asset research, Kendrick’s framing represents a shift from speculative to systemic thinking about Bitcoin’s role in the global economy.

While many analysts focus on price targets, Kendrick’s recent commentary emphasizes Bitcoin’s stability as a foundation for DeFi’s legitimacy.

“DeFi can’t replace traditional finance if its cornerstone asset is volatile or unreliable,” one market observer said in response to Kendrick’s remarks.

Against this backdrop, Kendrick laid out a structured three-step accumulation plan for Bitcoin investors, suggesting that the recent dip below $100,000 “may be the last one ever.” His proposed strategy includes:

Buying 25% of a target allocation at current levels,
Another 25% if Bitcoin closes above $103,000, and
The remainder (50%) once the Bitcoin–gold ratio climbs above 30.

It aligns with remarks from a previous note to clients, where Kendrick stated that Bitcoin’s sub-$100,000 moves could be its last. As indicated in a US Crypto News publication, the bank’s executive noted that it would also mark the final entry point before a renewed bull phase.