30s Summary
Standard Chartered predicts the crypto market could reach $10 trillion by 2026 if the Republicans take control in the US and implement policy changes favorable to digital currencies. The bank believes all digital assets will benefit, particularly those tied to real-world uses. It also suggests the new administration might consider a bitcoin reserve, calling it a potential “game changer”. Standard Chartered predicts values of $200,000 for Bitcoin and $10,000 for Ether by 2025 end, and suggests Solana could outperform both.
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If the Republicans take control, we might see the crypto market’s total value climb to a whopping $10 trillion by 2026, or so says Standard Chartered. The bank’s expecting some good things for the crypto world early in the new administration, including some policy changes that could be a big help to digital currencies.
According to Standard Chartered, these potential improvements might help the current $2.5 trillion market value soar to that $10 trillion figure by 2026. Geoff Kendrick, the head honcho of digital assets research at Standard Chartered thinks that these changes will benefit all digital assets, but those that are most tied to real world uses will benefit the most.
The report also notes that the administration might consider creating a bitcoin reserve. While they think it’s unlikely, if it happens, it could be a game changer. The bank is keeping to its previous predictions too, throwing out numbers like $200,000 for Bitcoin and $10,000 for Ether by the end of 2025. They reckon Solana might even outshine the big two.
With the GOP looking likely to take over the U.S. election, Standard Chartered is feeling pretty sunny about the future of crypto. They’re saying summer has come for the crypto world.