Standard Chartered analysts positively assessed the future prospects of bitcoin and Ethereum. The latter, according to their estimates, can grow to $35,000. This is reported by The Block with reference to the first report of a British financial institution dedicated to cryptocurrencies & bitcoin tumbling.

The team of researchers compared Ethereum with the financial market, where lending, insurance and exchange operations take place. Bitcoin, in their opinion, is more like a currency. Given the wider range of usecases, the capitalization of the ether will eventually reach the indicator of the first cryptocurrency.

Analysts predicted the price of bitcoin in the range of $50,000-$175,000, and Ethereum-in the range of $26,000-$35,000. But before the ether reaches such heights, the price of bitcoin must overcome the $175,000 mark. Given the current rates of BTC and ETH, cryptocurrencies should grow three and ten times, respectively, to confirm the forecast.