Welcome back to The Breakdown, everybody. I'm your host, David Canales, as always. So, in a world full of

crypto bears, all the salty people on the sidelines watching semiconductor stocks rip,

watching memory stocks rip, watching the SpaceX IPO go bananas, we of course have standard

chartered, still ultra bullish on cryptocurrency,reasonably bullish, some might say.

The latest call is Uniswap going about 40x from current rates over the next five or six years.

We're going to be taking a look at that for this particular episode.

We're also going to be looking at the history of standard charted calls for Bitcoin, ether, avalanche and so on to see exactly how well it has done

in his calls to date. So enough jibba jabber. Let's jump into it. This is the breakdown.

Nothing said on the breakdown is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only and any views expressed by anyone on the show are opinions, not financial advice.

Host and guests may hold positions in the company's funds or projects discussed.

Okay, so this is news from a couple of days ago, but I think it really warrants revisiting and unpacking.

I've got this right up here from The Defiant. And Stan and Chartered, they've been covering crypto for the past couple of years. And I mean, it's as TradFi as you could get, I suppose, in terms of investment banks and so on covering cryptocurrency. So it's always very interesting when we see a standard charted call. And if you've been watching their price targets

over the past few years, you will know they are incredibly bullish and really bombastic in their

price targets as we're going to get into. This time around, and they've initiated coverage of

Uniswap for the first time now, and their thesis ties as governance token to the institutional tokenization wave.

And effectively they're saying, well, if we're about to see a wave of tokenization of

real world assets coming on chain, then Uniswap is actually going to be one of the primary

venues for that big wave of Tradfai assets coming on chain.

It's interesting that it's not hyper liquid, they're really framing it as a Uniswap story.

They've actually given a price target of $100 for Uniswap by the end of 2030,

which is a 40-fold move from the $270 that it was when this, when news that the coverage had had initiated,

first dropped. I'm going to bring up the chart in a moment so you can see exactly what that

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