British Standard Chartered isn't just about energy. Bitcoin–Ethereum It is also going to the moon, analysts say.
The bank's Monday report said the second largest digital asset could reach $8,000 by the end of this year and $14,000 by the end of 2025.
That is, if Ethereum exchange-traded funds (ETFs) are adopted, the company's head of forex and crypto research, Jeffrey Kendrick, said in a note.
of The price of Ethereum It's currently hovering just over $3,500 per coin, CoinGecko data shows.
Many high profile fund managers They offered. Paperwork with the Securities and Exchange Commission (SEC) to issue Ethereum ETFs. Such investment vehicles expose traditional investors to cryptocurrency through shares traded on stock exchanges.
The bank expects the ETF to get the green light from the SEC by the summer, Kendrick wrote in the memo.
“Ethereum is currently in the middle of two important events that we see as value increasing,” Kendrick wrote. “It has a significant structural overhaul, and US regulatory approval of ETH ETFs is expected in May.”
Kendrick also said it was the network's latest. Upgrade your deck It may be the reason for the rapid shooting of Ethereum.
The network behind the second largest cryptocurrency has improved over the past week. Developers say the update will make transaction fees on the blockchain much cheaper.
Kendrick added that improvements to the network and lower costs will make Ethereum “more competitive.”
Standard Chartered he said. In a separate research note on Monday, Bitcoin could reach $150,000 per coin by the end of this year if the newly approved ETFs continue to be popular.
The US Securities and Exchange Commission in January approved Investment vehicles 11.
Until now, they have been very popular with investors – and in 2015 High volume flows They pushed him away. The price of Bitcoin Up significantly.
Edited by Ryan Ozawa.
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