Latest news with #GeoffreyKendrick
Yahoo
20 hours ago
- Business
- Yahoo
Prediction: XRP (Ripple) Will Be Worth This Much in 3 Years
Key Points XRP prices have historically increased faster than the broader cryptocurrency market, and Geoffrey Kendrick at Standard Chartered thinks XRP could soar 285% to $12.50 by 2028. The SEC recently dropped its yearslong lawsuit against Ripple, a financial technology company whose payments solutions are an important source of demand for the XRP token. The SEC is likely to approve at least eight applications for spot XRP ETFs in October, which could unlock demand for the cryptocurrency among retail and institutional investors. 10 stocks we like better than XRP › XRP (CRYPTO: XRP) has a market value of $193 billion, making it the third most valuable cryptocurrency. The token trades at $3.25 as of Aug. 13. But Geoffrey Kendrick at Standard Chartered anticipates substantial upside in the years ahead due to the recent conclusion of Ripple's legal battle with the Securities and Exchange Commission (SEC) and the likely approval of spot XRP ETFs, as detailed below: XRP will reach $8 by 2026, implying 146% upside from its current price. XRP will reach $10.40 by 2027, implying 220% upside from its current price. XRP will reach $12.50 by 2028, implying 285% upside from its current price. My outlook is more conservative. Morningstar estimates the overall cryptocurrency market will be worth $8.4 trillion by 2034, implying annual growth of 8% over the next decade. Assuming XRP continues to beat the broader market -- XRP returned 750% in the last three years, while the overall market climbed 270% -- I think its price could double to $6.50 in the next three years. Here's why. Ripple's lengthy legal battle with the SEC ended earlier this month Ripple is a financial technology company that uses the XRP blockchain (also called the XRP ledger) to support faster and cheaper cross-border transactions than the SWIFT (Society for Worldwide Interbank Financial Telecommunications) system. Consequently, Ripple is a key source of demand for XRP, and the price of any asset depends in part on demand. Ripple for several years was locked in a legal battle with the Securities and Exchange Commission. The regulator sued Ripple in 2020, contending the company sold XRP as an unregistered security to institutional and retail investors. A federal judge handed the SEC a partial victory in 2023, saying the sales to institutional investors violated securities law. Ripple was ordered to pay a $125 million penalty. The SEC initially appealed the decision, seeking a $2 billion fine, but the regulatory agency earlier this month withdrew the lawsuit, ending a yearslong legal battle. Few financial institutions use Ripple Payments today, but the number could increase with the removal of legal headwinds, especially because Ripple recently added a stablecoin to the XRP ecosystem. Spot XRP ETFs could unlock demand among retail and institutional investors Several asset managers, including Franklin Templeton, plan to launch exchange-traded funds (ETFs) that track the spot price of XRP. In total, the SEC has received at least eight applications, all of which will either be approved or rejected no later than October. Eric Balchunas at Bloomberg puts the odds of approval at 95%. Spot XRP ETFs could unlock demand among retail and institutional investors by eliminating the hassle and fees associated with cryptocurrency exchanges. Traders would no longer have to create separate accounts or pay high fees for every transaction but could instead add XRP to existing portfolios through traditional brokerages. The additional demand could push its price much higher. Indeed, Bitcoin has advanced 160% since the SEC approved the first spot Bitcoin ETFs in January 2024. In fact, the iShares Bitcoin Trust was the most successful ETF launch in history based on inflows, according to The Wall Street Journal. I doubt spot XRP ETFs will receive as much attention, but I think the cryptocurrency's price could double in the next three years. As a caveat, investors should bear in mind cryptocurrencies are a volatile asset class. XRP has fallen more than 30% from a record high three times in the last five years, and similar volatility is likely in the future. Investors comfortable with that risk should consider owning a very small position in XRP. Personally, I would limit exposure to 1% of my portfolio, and I would wait for spot XRP ETFs to win approval before taking a position. Should you invest $1,000 in XRP right now? Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,783!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,122,682!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy. Prediction: XRP (Ripple) Will Be Worth This Much in 3 Years was originally published by The Motley Fool
Yahoo
20 hours ago
- Business
- Yahoo
Prediction: XRP (Ripple) Will Be Worth This Much in 3 Years
Key Points XRP prices have historically increased faster than the broader cryptocurrency market, and Geoffrey Kendrick at Standard Chartered thinks XRP could soar 285% to $12.50 by 2028. The SEC recently dropped its yearslong lawsuit against Ripple, a financial technology company whose payments solutions are an important source of demand for the XRP token. The SEC is likely to approve at least eight applications for spot XRP ETFs in October, which could unlock demand for the cryptocurrency among retail and institutional investors. 10 stocks we like better than XRP › XRP (CRYPTO: XRP) has a market value of $193 billion, making it the third most valuable cryptocurrency. The token trades at $3.25 as of Aug. 13. But Geoffrey Kendrick at Standard Chartered anticipates substantial upside in the years ahead due to the recent conclusion of Ripple's legal battle with the Securities and Exchange Commission (SEC) and the likely approval of spot XRP ETFs, as detailed below: XRP will reach $8 by 2026, implying 146% upside from its current price. XRP will reach $10.40 by 2027, implying 220% upside from its current price. XRP will reach $12.50 by 2028, implying 285% upside from its current price. My outlook is more conservative. Morningstar estimates the overall cryptocurrency market will be worth $8.4 trillion by 2034, implying annual growth of 8% over the next decade. Assuming XRP continues to beat the broader market -- XRP returned 750% in the last three years, while the overall market climbed 270% -- I think its price could double to $6.50 in the next three years. Here's why. Ripple's lengthy legal battle with the SEC ended earlier this month Ripple is a financial technology company that uses the XRP blockchain (also called the XRP ledger) to support faster and cheaper cross-border transactions than the SWIFT (Society for Worldwide Interbank Financial Telecommunications) system. Consequently, Ripple is a key source of demand for XRP, and the price of any asset depends in part on demand. Ripple for several years was locked in a legal battle with the Securities and Exchange Commission. The regulator sued Ripple in 2020, contending the company sold XRP as an unregistered security to institutional and retail investors. A federal judge handed the SEC a partial victory in 2023, saying the sales to institutional investors violated securities law. Ripple was ordered to pay a $125 million penalty. The SEC initially appealed the decision, seeking a $2 billion fine, but the regulatory agency earlier this month withdrew the lawsuit, ending a yearslong legal battle. Few financial institutions use Ripple Payments today, but the number could increase with the removal of legal headwinds, especially because Ripple recently added a stablecoin to the XRP ecosystem. Spot XRP ETFs could unlock demand among retail and institutional investors Several asset managers, including Franklin Templeton, plan to launch exchange-traded funds (ETFs) that track the spot price of XRP. In total, the SEC has received at least eight applications, all of which will either be approved or rejected no later than October. Eric Balchunas at Bloomberg puts the odds of approval at 95%. Spot XRP ETFs could unlock demand among retail and institutional investors by eliminating the hassle and fees associated with cryptocurrency exchanges. Traders would no longer have to create separate accounts or pay high fees for every transaction but could instead add XRP to existing portfolios through traditional brokerages. The additional demand could push its price much higher. Indeed, Bitcoin has advanced 160% since the SEC approved the first spot Bitcoin ETFs in January 2024. In fact, the iShares Bitcoin Trust was the most successful ETF launch in history based on inflows, according to The Wall Street Journal. I doubt spot XRP ETFs will receive as much attention, but I think the cryptocurrency's price could double in the next three years. As a caveat, investors should bear in mind cryptocurrencies are a volatile asset class. XRP has fallen more than 30% from a record high three times in the last five years, and similar volatility is likely in the future. Investors comfortable with that risk should consider owning a very small position in XRP. Personally, I would limit exposure to 1% of my portfolio, and I would wait for spot XRP ETFs to win approval before taking a position. Should you invest $1,000 in XRP right now? Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,783!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,122,682!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy. Prediction: XRP (Ripple) Will Be Worth This Much in 3 Years was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-08-2025
- Business
- Yahoo
Ethereum Treasuries a Better Investment Than ETH ETFs: Standard Chartered
Buying shares in Ethereum treasuries is a better investment than buying ETH exchange-traded funds, an analyst wrote in a Wednesday note. Standard Chartered digital assets researcher Geoffrey Kendrick wrote Wednesday that treasuries are offering shareholders better value for money as the net asset value—the per share valuation of the asset in an ETF—is increasing compared to ETFs. "This normalisation of the net asset value multiple makes the treasury companies now very investable for investors seeking access to ETH price appreciation, increasing ETH per share (SBET uses an ETH concentration measure which is increasing) and access to staking rewards," he wrote. He added: "Given NAV multiples are currently just above 1 I see the ETH treasury companies as a better asset to buy than the US spot ETH ETFs." Kendrick's note comes as the treasuries have mushroomed but also as investors have poured assets into the nine ETH funds currently listed. SharpLink (SBET) and BitMine Immersion, among others, already hold $1.9 billion and nearly $3 billion in ETH, respectively, over the few weeks since debuting their strategies. ETH ETFs—approved last year—give investors exposure to the second largest digital coin by market value via shares that trade on stock exchanges. But companies have started buying ETH in the hope people will buy their shares as an investment. ETH can generate users returns as the coins can be used in staking—a practice where holders lock up their tokens to support the cryptocurrency's network in exchange for more ETH. Kendrick noted: "ETH treasury companies are becoming more important, in terms of flows, than their BTC equivalents. Since the start of June they have bought 1% of all ETH." Ethereum ETFs Massively Outpace Bitcoin Funds—Why ETH Demand Is Surging Both SharpLink and BitMine are copying the Strategy—formerly MicroStrategy—blueprint of buying digital assets to boost stock prices. Strategy first started buying Bitcoin in 2020 after years of low share prices and now holds 628,791 BTC worth over $72 billion. The company now works to issue debt to buy Bitcoin, and investors purchase the company's shares to get exposure to the leading digital asset. ETH was recently trading for nearly $3,675 per coin, down 1.5% over the past week but up by close to 46% in the past 30 days, according to crypto data provider CoinGecko. Roughly 50% of participants in a Myriad Markets prediction market say that Ethereum will breach $5,000 by the end of 2025. (Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.) Sign in to access your portfolio
Yahoo
29-07-2025
- Business
- Yahoo
How public companies could end up holding 10% of all Ethereum
Public companies buying up swaths of Ether won't be stopping anytime soon, according to Standard Chartered. The 11 different firms that hold millions of the cryptocurrency on their balance sheet already hold roughly 1% of all coins in circulation, the UK bank said in a Tuesday note to investors. But Geoffrey Kendrick, Standard Chartered's head of digital assets, predicts that just as these companies will keep buying Ether, even more companies will join the trend. And that means even more buying. 'They may eventually end up owning 10% of all ETH, a 10x increase from current holdings,' Kendrick wrote on Tuesday. A laggard for much of this year's rally, Ethereum is finally showing signs of life over the past few weeks. Since public companies started buying the coin in earnest in June, Ether has rallied some 51%, according to CoinGecko. Over that same period, Bitcoin has risen some 13% and Solana rose 17%. Besides treasury companies, Ethereum has had other tailwinds. Other analysts are touting the passage of landmark stablecoin legislation in the US as another driver behind the uptick in Ether. That's because more than 50% of all stablecoins and tokenised financial assets are minted on the Ethereum network. Elsewhere in the market, spot Ethereum exchange-traded funds are also attracting Wall Street investors more than ever. Of the $1.9 billion in investor money buying various spot crypto ETFs, Ether funds accounted for more than 84% of that figure last week. The treasury company play offers investors other advantages not realised by the Ether funds either, writes Kendrick. US Ether funds aren't yet allowed to stake the underlying coins, or put them to work securing the blockchain via its proof-of-stake consensus mechanism. Treasury companies can, however, do this and rake in roughly 3% yield for doing so. SharpLink, the online gaming company turned Ether treasury firm co-chaired by Joe Lubin, has already staked 99.7% of its $425 million stake. Lubin told DL News in June that there's a whole lot more planned in the future, too. All of this combined, writes Kendrick, may push Ethereum above $4,000 this year. Crypto market movers Bitcoin has dropped 0.6% in value over the past 24 hours and is trading at $117,436. Ethereum also shed 1.3% in the same period to $3,754. What we're reading Monero miners lampoon Qubic's thwarted 51% attack as publicity stunt — DL News 21 market catalysts to watch this week— Milk Road Binance Earn to Let Users Buy Crypto Below Market Price — Unchained Crypto lender Abra pauses withdrawals as dozens of customers fear their funds are gone — DL News Liam Kelly is a Berlin-based reporter for DL News. Got a tip? Email him at liam@
Yahoo
09-07-2025
- Business
- Yahoo
Why Standard Chartered Says H2 2025 Will Be 'Bitcoin's Best Ever'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The second half of the year is set to be 'Bitcoin's best ever' in terms of dollar gains, according to Standard Chartered. Standard Chartered Global Head of Digital Assets Research Geoffrey Kendrick said this in a note sent to investors on Wednesday, citing a convergence of inflows to exchange-traded funds, demand from corporate treasuries and US policy developments. Don't Miss: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today. $100k+ in investable assets? – no cost, no obligation. Kendrick believes that Bitcoin will see higher demand from ETFs and corporate treasuries in Q3 and Q4 than it did in Q2, citing encouraging inflows despite broader uncertainty and the emergence of more corporate treasuries. In Q2, ETFs saw net inflows totalling $12.4 billion, equivalent to purchasing 120,000 BTC, Kendrick said. He said the flows, which represent the second-largest quarterly buying spree on record for the category, were particularly noteworthy as they managed to edge out gold ETFs despite conflict in the Middle East. In comparison, gold ETFs saw only $6.9 billion in inflows, he said. Meanwhile, corporate treasuries acquired 125,000 BTC in Q2, also the second largest quarterly haul for the category, Kendrick said. MicroStrategy (NASDAQ:MSTR) scooped up 69,000 BTC while other treasury firms purchased 56,000 BTC. 'While MSTR's pace of buying has slowed in recent months, the Q2 surge in non-MSTR buying suggests that newer entrants to the space can take up any slack in Q3,' Kendrick wrote. 'As a result, we expect Bitcoin treasuries as a whole to buy more BTC in Q3 than they did in Q2 – a positive driver of flows.' Trending: BlackRock is calling 2025 the year of alternative assets. Kendrick also said he expected to see broader buying of ETFs and corporate treasury stocks by sovereign interests in quarterly filings expected in August. 'Both the confirmation of broader sovereign interest and the flows themselves should be BTC-positive,' he said. On the policy front, Kendrick said Bitcoin is likely to benefit from the anticipated passage of the stablecoin bill known as the GENIUS Act. He said the passage of the bill would broaden the use cases for cryptocurrencies and embolden people to make their first investments in space. Beyond the passage of the GENIUS Act, Kendrick said Bitcoin is likely to see a boost if President Donald Trump follows through on his reported plan to announce Federal Reserve Chair Jerome Powell's replacement in September or October, months ahead of the end of his term next said that such a move could lead markets to price in interest rate cuts early and also increase concerns about the independence of the Fed. He said both of these could lead to an increase in the 10-year Treasury term premium, to which Bitcoin appears strongly correlated. All told, Kendrick predicts that Bitcoin will hit $135,000 in Q3 and $200,000 in Q4. But he does not believe that it would be a straight run to the top. Kendrick said he expects the market to stall in late Q3 and early Q4 as traders speculate whether Bitcoin will repeat its historical 18-month post-halving slump. He, however, expressed confidence that the pattern typically driven by selling from long-term holders will no longer repeat, betting that any such selling will likely be absorbed by demand from ETFs and corporate treasuries. At last look, Bitcoin is trading at $109,500, just 2% shy of its all-time high. Image: Shutterstock This article Why Standard Chartered Says H2 2025 Will Be 'Bitcoin's Best Ever' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
