Standard Chartered has issued ambitious long-term forecasts for the crypto market as Bitcoin recovers from earlier dips.
The bank expects major gains for Uniswap’s UNI token, Ethereum, and Bitcoin before the end of the decade. Its outlook is based on the belief that decentralized finance (DeFi) and tokenized real-world assets (RWAs) will become major drivers of crypto adoption in the coming years.
The forecasts call for UNI to rise from around $3.60 to $100 by 2030. Ethereum is projected to climb from about $1,700 to $40,000, while Bitcoin could reach $500,000.
Crypto content creator Altcoin Daily reacted to the report, saying: “You aren’t bullish ENOUGH.”
UNI to Rally Nearly 40x
According to the bank, UNI could surge almost 40-fold from current levels and reach $100 by the end of 2030.
In a report led by Geoffrey Kendrick, Standard Chartered’s Global Head of Digital Assets Research, the bank said Uniswap will benefit from the expansion of tokenized assets within DeFi.
The report estimates that tokenized assets actively used in DeFi could grow from roughly $340 billion today to about $4 trillion by the end of 2028. That would represent a 37-fold increase.
Standard Chartered also expects the share of tokenized assets used in DeFi to rise sharply. It projects this figure will increase from about 3.5% today to 30% by 2030.
As a result, the bank believes total value locked (TVL) in DeFi could reach $2.7 trillion by the end of the decade, up around 37 times from current levels.
Why the Bank Is Bullish on Uniswap
Standard Chartered highlighted several strengths that could help Uniswap capture a large share of this growth.
The bank described Uniswap as an “all-purpose” infrastructure layer with a strong brand and a long operating history. It also noted the protocol’s ability to support trading between closely related tokenized assets.
According to the report, as more real-world assets move on-chain, liquidity pools could create efficient markets for correlated assets. This structure may allow traders to access opportunities that are difficult to replicate in traditional finance.
The bank believes Uniswap could benefit significantly if it successfully commercializes these opportunities and builds partnerships with traditional financial institutions.
Ethereum and Bitcoin Receive Lofty Targets
Standard Chartered’s bullish outlook extends beyond Uniswap. The bank expects Ethereum to climb from roughly $1,700 to $40,000 by 2030, representing a gain of more than 22 times.
Bitcoin is projected to rise from around $66,000 to $500,000 over the same period. That would amount to a gain of more than sevenfold.
Both assets have recently rebounded from earlier declines. Bitcoin is currently trading near $65,500, up 7% over the past week. However, it remains down about 25% year-to-date.
Ethereum is trading around $1,788 after gaining 10% over the past week. Despite the recovery, it is still down roughly 40% since the start of the year.
UNI Jumps After the Forecast
The report has sparked fresh interest in Uniswap’s native token. UNI is currently trading around $3.62, up 23% in the last 24 hours and 48% over the past week. The gains followed the publication of Standard Chartered’s forecast.
Even after the rally, UNI remains about 48% lower on a year-to-date basis.
The strong price reaction highlights growing investor confidence in the long-term potential of tokenized assets and DeFi.
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