Crypto Market Cap Could Balloon to $10T by 2026 Under Trump Administration: Standard Chartered

A Republican sweep would allow the new government to push through positive policies for the digital assets sector, which could lead to total crypto market cap swelling to $10 trillion by the end of 2026, investment bank Standard Chartered (STAN) said in a research report on Friday.

Standard Chartered said it sees a number of tailwinds for crypto markets early in the new administration including regulatory changes and a shuffle of positions at the Securities and Exchange Commission (SEC) that could lead to a more benign stance on digital assets.

The bank said these positive developments could see total crypto market cap grow fourfold from $2.5 trillion currently to $10 trillion by the end of 2026.

“The rising tide should lift all digital assets; those most exposed to end-use cases are set to benefit most,” wrote Geoff Kendrick, head of digital assets research at Standard Chartered.

The new administration may also consider the formation of a bitcoin reserve, but this is viewed as a “low-probability but high-impact event,” the report said.

The bank reiterated its 2025 year-end target of around $200,000 for bitcoin (BTC) and $10,000 for ether (ETH), and said it expected solana (SOL) to outperform the largest two cryptocurrencies.

“With a Republican sweep in the U.S. election now looking likely, we believe we have entered the crypto summer,” Kendrick wrote.

İlginizi Çekebilir:Luxor’s Aaron Foster on Bitcoin Mining’s Growing Sophistication
share Paylaş facebook pinterest whatsapp x print

Benzer İçerikler

First Mover Americas: Crypto Market Little Changed as U.S. Votes
Bitcoin Surges to $109K, Hits Record High Ahead of Donald Trump’s Inauguration
Japanese Energy Firm Remixpoint Boosts Crypto Holdings More Than 8,000% in 9 Months
Eight U.S. Blockchain Lobby Groups Unite Ahead of Trump’s Crypto Friendly Regime
BoE’s Andrew Bailey Nominated to Lead G20-Crypto Supervisor FSB
CME Group to Launch Solana Futures as Demand for Crypto Derivatives Grows
Bahiscom Resmi Giriş | © 2024 |
404 Not Found

404

Not Found

The resource requested could not be found on this server!


Proudly powered by LiteSpeed Web Server

Please be advised that LiteSpeed Technologies Inc. is not a web hosting company and, as such, has no control over content found on this site.