Standard Chartered stated that a Republican sweep would enable the new government to push through positive policies for digital assets, potentially increasing the total crypto market cap to $10 trillion by 2026.
Geoff Kendrick highlighted that 'the rising tide should lift all digital assets; those most exposed to end-use cases are set to benefit most,' suggesting that practical applications will drive market growth.
The report mentioned a potential formation of a bitcoin reserve, characterized as a 'low-probability but high-impact event,' indicating it could significantly influence the market despite its unlikely nature.
Standard Chartered reiterated its 2025 price targets, forecasting bitcoin at around $200,000, ether at $10,000, and expected solana to outperform larger cryptocurrencies based on market developments.
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