21shares trims 2026 crypto forecasts despite institutional adoption gains

21shares revised its 2026 cryptocurrency price forecasts downward on March 18, 2024, citing a faster-than-expected maturation of crypto infrastructure compared to price appreciation. The asset manager's "Crypto Climate" report, released this week, anticipates significant growth in areas like exchange-traded funds (ETFs), stablecoins, and prediction markets, which are expected to reach $1.5 trillion, $3 trillion, and $500 billion respectively by 2030. However, 21shares has reduced its 2026 price targets for Bitcoin from $100,000 to $76,000 and for Ethereum from $11,000 to $7,000. Despite these adjustments, the firm maintains a bullish long-term outlook, projecting Bitcoin to reach $1.5 million and Ethereum $21,000 by 2030. The report highlights institutional adoption as a key driver, with Bitcoin ETFs already attracting over $10 billion in inflows since their launch in January 2024. The increasing utility of stablecoins, projected to exceed $3 trillion in market capitalization by 2030, and the development of decentralized prediction markets are also seen as crucial for the ecosystem's growth. 21shares acknowledges that regulatory clarity and macroeconomic factors will play a significant role in influencing market performance over the next two years.