Standard Chartered issued an extraordinarily rosy note on Friday regarding the crypto industry’s near-term prospects, estimating that the digital assets market is poised to balloon nearly four times over to a market capitalization of $10 trillion by the end of 2026.
“We expect the coming two-year period to see similar price gains for digital assets (in percentage terms) to 2021,” the British bank said in a note shared with Decrypt. “As in 2021, existing digital assets are likely to see price rises and new subsectors emerge; this time, real-world use cases are finally poised to go mainstream.”
The bank doubled down on previous estimates that, by the end of next year, Bitcoin will reach $200,000 and Ethereum will surpass $10,000….
Nov 09 2024
