Cryptocurrencies have run absolute circles around Wall Street’s major stock indexes over the last decade.
A scorching-hot digital token expected to play a key role in transforming cross-border payments for financial institutions is forecast to leapfrog Ethereum in market value by 2028.
Meanwhile, the most widely held digital currency can top $10 trillion in value in three years, if one lofty analyst prognostication proves accurate.
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Over the last century, no asset class has come particularly close to matching stocks on an annualized return basis. But over the last decade, cryptocurrencies have run wild and left the stock market’s major indexes in their dust.
Although the vast majority of the digital currency landscape is highly speculative, the largest cryptocurrencies and blockchain projects are garnering the attention of some of Wall Street’s leading investors and analysts. This includes Geoff Kendrick of Standard Chartered, who’s no stranger to releasing reports or issuing price targets on the world’s most-influential cryptocurrencies.
Based on a report issued earlier this year by Kendrick, two of the world’s leading digital currencies can skyrocket by up to 324% over the next three years.
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