Big Bank Predicts Arbitrum Could Beat Bitcoin by 2030

A major global bank thinks a lesser-known crypto could become one of the biggest winners in the next few years — potentially beating even Bitcoin.

Standard Chartered, one of the world's largest banks, says that Arbitrum could be a top performer in the crypto world through 2030. Arbitrum is what's called a "layer-2 network" — think of it as a fast, cheap add-on built on top of the Ethereum blockchain (a popular network for digital money and apps) to make transactions quicker and less expensive.

The bank's digital assets expert, Geoff Kendrick, is excited because of how Arbitrum makes money. When companies build their own networks on top of Arbitrum, Arbitrum takes a 10% cut of their profits.

The first big example is Robinhood Chain, built by the popular investing app Robinhood. Here's why it matters:

• Arbitrum is expected to earn $5 million in September
• That's more than 5 times what it made before Robinhood Chain launched in July

Kendrick predicts Arbitrum's native coin, ARB, could climb to $10 by 2030. Consider where it is now:

• ARB was worth about $0.14 on Tuesday
• Reaching $10 would mean a roughly 70-fold increase
• That would far exceed the bank's predictions for Bitcoin and Ether

Why the optimism? It comes down to tokenization — the process of turning real-world assets (like stocks, bonds, or real estate) into digital tokens that can be traded on a blockchain. Standard Chartered believes big banks will bring $4 trillion worth of assets onto blockchains by the end of 2028. Right now, tokenized assets are worth nearly $39 billion.

The risks: Kendrick warns that tokenization could happen slower than expected, and other blockchains might compete for the same business.

In short, Standard Chartered is making a bold bet that Arbitrum's clever profit-sharing model could turn it into a surprise winner as traditional finance moves onto the blockchain. But like all crypto predictions, it's far from guaranteed.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/news/standard-chartered-arbitrum-arb-price-10-2030?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound