Finance

Bitcoin Dip: Standard Chartered Urges Strategic Buys as Gold Outshines Crypto

Standard Chartered suggests buying Bitcoin in stages after its price dipped below $100,000.

November 5, 2025, 3:48 PM

Close-up of a gold Bitcoin coin brightly lit by a golden-orange and red abstract background with glowing streaks.

A golden, shiny physical Bitcoin coin is highlighted against a dynamic, fiery red and orange background. By logoboom / Shutterstock.com

Executive Summary

Standard Chartered’s Geoff Kendrick advises Bitcoin traders to “buy the dip, in stages,” suggesting a phased investment approach amid the cryptocurrency’s recent price drop.

Kendrick’s strategy includes an initial 25% investment, another 25% if Bitcoin closes above $103,000 on Friday, and the final 50% if the Bitcoin-gold ratio surpasses 30.

The article notes a significant performance divergence, with gold surging 66.5% this year compared to Bitcoin’s 10.5% gain, partly attributed to the U.S. government shutdown diverting institutional liquidity.

The Story So Far

The current dip in Bitcoin’s price and its notable underperformance compared to gold, which has seen a significant rally this year, are primarily influenced by an ongoing, record-long U.S. government shutdown that has diverted institutional liquidity away from the cryptocurrency market.

Why This Matters

Standard Chartered’s “buy the dip” recommendation for Bitcoin, despite its recent underperformance relative to gold and current market volatility, signals a potential strategic entry point for investors. This outlook suggests that while the U.S. government shutdown has impacted institutional liquidity, the anticipated resolution could trigger a strong rebound for Bitcoin, aligning with its historical year-end strength and potentially shifting the current market dynamics where gold is heavily outperforming the cryptocurrency.

Who Thinks What?

Standard Chartered Head of Digital Assets Research Geoff Kendrick advises traders to “buy the dip, in stages” for Bitcoin, suggesting the current price point might be the last opportunity to acquire it cheaply.

Market sentiment, particularly among Myriad users, indicates an 82% probability that gold will continue to outperform Bitcoin this year.

Analysts from BitMEX anticipate a rapid recovery and a “strong relief rally” in the cryptocurrency market once the U.S. government shutdown concludes and the U.S. Treasury resumes spending.

Standard Chartered Head of Digital Assets Research Geoff Kendrick has advised Bitcoin traders to “buy the dip, in stages,” following the cryptocurrency’s recent drop below $100,000. Kendrick’s strategy involves a phased approach to investment, suggesting that the current dip might be the last opportunity to acquire Bitcoin at this price point. This recommendation comes amidst a significant divergence in performance between Bitcoin and gold, with the latter showing substantial gains this year.

Bitcoin Investment Strategy

Kendrick’s proposed strategy for traders looking to capitalize on Bitcoin’s price movements outlines three distinct stages for investment. He advises an initial purchase of 25% of a trader’s maximum intended Bitcoin investment immediately, citing the possibility that the recent dip below $100,000 could be a unique buying opportunity.

The second stage involves buying an additional 25% if Bitcoin’s closing price on Friday surpasses $103,000. The final 50% of the investment should be deployed if and when the Bitcoin-gold ratio climbs back above 30, a key metric for evaluating Bitcoin’s relative value against the precious metal.

Bitcoin-Gold Ratio and Market Performance

The Bitcoin-gold ratio, currently at 25, has seen a notable decline from its peak of 38.6 on January 5, 2025, and a near-retest of 36.5 in August. This drop is largely attributed to a sustained rally in gold prices, which have surged by 66.5% since the beginning of the year. In contrast, Bitcoin’s recent price volatility has left it with a more modest 10.5% gain over the same period.

Market sentiment, particularly among users on Myriad, indicates a strong belief that gold will continue to outperform Bitcoin this year, with an 82% probability assigned to this outcome. This divergence highlights the challenges Bitcoin faces in catching up to the precious metal’s recent performance.

Impact of U.S. Government Shutdown

Analysts suggest that the ongoing, record-long U.S. government shutdown has significantly impacted the cryptocurrency market by diverting institutional liquidity. This siphoning of cash has reduced the funds available for deployment in various financial instruments, including cryptocurrencies, equities, and lending markets.

However, analysts from BitMEX anticipate a rapid recovery and a “strong relief rally” once the shutdown concludes and the U.S. Treasury resumes spending. This expected rebound is seen as aligning with Bitcoin’s historical year-end seasonal strength, potentially offering a favorable environment for investors.