Crypto Market Value May Reach $10 Trillion by 2026 if Republicans Win: Standard Chartered
Politics

Crypto Market Value May Reach $10 Trillion by 2026 if Republicans Win: Standard Chartered

A recent report highlights the potential for a significant increase in the cryptocurrency market cap under a Republican administration.

A potential Republican dominance in the upcoming elections could push the cryptocurrency market value to an astonishing $10 trillion by the end of 2026, according to a research report from Standard Chartered released on Friday.

Key insights from the report include:

  • A Republican sweep could mean significant growth for the crypto market, with projections suggesting an increase from the current $2.5 trillion.
  • Anticipated regulatory adjustments within the Securities and Exchange Commission (SEC) may pave the way for a more favorable environment for digital assets.

"The positive developments are likely to positively impact all digital assets, especially those closely tied to practical use cases," stated Geoff Kendrick, the head of digital assets research at Standard Chartered. He added that the administration might explore establishing a bitcoin reserve, though such a step is considered unlikely yet potentially impactful.

In their projections, the bank maintains a year-end price target of approximately $200,000 for Bitcoin (BTC) and around $10,000 for Ethereum (ETH) by 2025, suggesting that Solana (SOL) could outperform the leading cryptocurrencies.

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