Svmuu News: Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, stated that the market has misunderstood Michael Saylor’s adjustment to Strategy Inc.’s Bitcoin strategy, and that the recent selling pressure stems from confusion about this strategy rather than a change in the long-term outlook for Bitcoin.Strategy Inc. is shifting Bitcoin from accumulating assets in its reserves to using them as collateral to back STRC preferred stock. Kendrick maintains his forecast of $100,000 for Bitcoin by the end of 2026.At the time of publication, BTC was trading at $64,322.89, and Strategy Inc. stock (MSTR) closed at $94.64 on Friday. STRC has an outstanding notional value of approximately $10 billion, and Kendrick believes that the backing from Bitcoin keeps these preferred shares highly overcollateralized. (Bitcoin.com News).