Standard Chartered Sees Bitcoin Exploding To $500K By 2030
Ethereum could outpace Bitcoin by a wide margin over the next four years — at least according to one of the most bullish forecasts to come out of traditional banking. That is the view from Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, who laid out the projection in a recent podcast appearance.
This pattern, Kendrick argues, gives Ethereum a durable edge. As more institutions follow the same playbook, demand for the network could build steadily through the end of the decade.
He described this as the “first phase” of real-world adoption playing out primarily on Ethereum, even if activity eventually spreads to competing blockchains.
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Network Usage Seen As A Price Driver
Beyond institutional adoption, Kendrick pointed to raw network activity as a key factor in his price outlook. Rising transaction fees on Ethereum-based applications are seen as a gauge of demand.
As stablecoins, decentralized finance, and tokenized real-world assets continue to grow on the network, that increased usage could push the token’s value higher.
The forecast was shared during an interview on the Milk Road podcast with host John Gillen.
Standard Chartered has not publicly released a formal research note tied to these specific figures, but Kendrick’s comments drew wide attention across the crypto community following the appearance.
Featured image from Meta, chart from TradingView
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