Standard Chartered Sees Bitcoin Exploding To $500K | Crypto News
Ethereum may outpace Bitcoin by a extensive margin over the next 4 years — at least according to one of the most bullish forecasts to come out of conventional banking. That is the view from Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, who laid out the projection in a current podcast look.
Ethereum’s Potential Gain Towers Over Bitcoin’s
While Bitcoin grabs the larger headline quantity, the maths really favors Ethereum. Kendrick’s base case places Bitcoin at $500,000 by 2030 — roughly 7.5 occasions its current price of $66,400.
Ethereum, sitting at $2,034, would need to hit $40,000 to meet his goal. That works out to about 20 occasions its current worth. In other phrases, Ethereum holders would see almost 3 times the relative return in contrast to Bitcoin buyers, if the forecast holds.
Kendrick flagged the ETH/BTC ratio as one indicator to watch. That ratio at present sits at around 0.03. His outlook has it climbing to 0.04 in the close to time period, a signal that Ethereum can be gaining ground on Bitcoin in relative phrases.
He also supplied a more quick checkpoint: if Bitcoin will get back to $100,000 by the end of 2026, Ethereum ought to be trading close to $4,000. That would characterize good points of roughly 50% for Bitcoin and 95% for Ethereum from where both belongings at present stand.
Global Head of Digital Assets Research at Standard Chartered:
“I’ve got $500K Bitcoin by 2030 and $40K Ethereum by 2030 – a massive outperformance.”
That’s ~20x on $ETH from right here. pic.twitter.com/p7dFwPrTzG
— Milk Road (@MilkRoad) April 1, 2026
Banks Are Choosing Ethereum First
One cause why Kendrick believes in the bullishness of Ethereum is that the financial sector has been becoming a member of the blockchain revolution.
From Kendrick’s level of view, large asset management corporations and banks often start their blockchain ventures by developing merchandise based on Ethereum since it has a status for security and reliability.
For occasion, BlackRock began creating blockchain merchandise utilizing Ethereum first before venturing into other blockchain networks.
This sample, Kendrick argues, provides Ethereum a sturdy edge. As more establishments observe the same playbook, demand for the community may construct steadily through the end of the last decade.
He described this as the “first phase” of real-world adoption taking part in out primarily on Ethereum, even if exercise ultimately spreads to competing blockchains.
Network Usage Seen As A Price Driver
Beyond institutional adoption, Kendrick pointed to uncooked community exercise as a key issue in his price outlook. Rising transaction charges on Ethereum-based purposes are seen as a gauge of demand.
As stablecoins, decentralized finance, and tokenized real-world belongings continue to grow on the community, that elevated usage may push the token’s worth larger.
The forecast was shared during an interview on the Milk Road podcast with host John Gillen.
Standard Chartered has not publicly launched a formal research observe tied to these particular figures, but Kendrick’s feedback drew extensive consideration across the crypto neighborhood following the looks.
Featured image from Meta, chart from TradingView
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