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. Ethereum’s Potential Gain Towers Over Bitcoin’s While Bitcoin grabs the bigger headline number, the math actually favors Ethereum. Kendrick’s base case puts Bitcoin at $500,000 by 2030 — roughly 7.5 times its current price of $66,400. Ethereum, sitting at $2,034, would need to hit $40,000 to meet his target. That works out to about 20 times its current value. In other words, Ethereum holders would see nearly three times the relative return compared to Bitcoin investors, if the forecast holds. Related Reading: Bitcoin Stumbles Hard: The Worst Q1 In Years Raises Big Questions Kendrick flagged the ETH/BTC ratio as one indicator to watch. That ratio c