Republican

Standard

Giant

Trillion

If Republicans take control of both houses of the US Congress, the global cryptocurrency market value could hit $10 trillion by the end of 2026, according to Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered.
With the Senate and presidency already in Republican hands, control of the House of Representatives remains uncertain, but Kendrick believes a Republican win is likely.
Kendrick believes such an outcome would usher in favorable policies that could lead to a 300% increase in the crypto market from the current $2.7 trillion. He points to sectors such as crypto gaming, tokenization, and decentralized physical infrastructure (DePin) as potential big beneficiaries of a Republican-led government. “We think the positive developments would be enough to push the total digital asset market cap from the current $2.5 trillion to $10 trillion by the end of 2026,” Kendrick said.
Related News: <a href="https://en.bitcoinsistemi.com/cz-former-ceo-of-binance-speaks-out-after-new-record-in-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CZ, Former CEO of Binance, Speaks Out After New Record in Bitcoin</a>
Kendrick detailed potential policy changes, predicting regulatory changes such as the repeal of SAB 121, stablecoin-friendly regulations, and a more positive SEC stance on digital assets. He mentioned a potential U.S. Bitcoin reserve as a “low probability but high impact” event.
Kendrick also reaffirmed Standard Chartered’s ambitious end-2025 price targets of $200,000 for Bitcoin and $10,000 for Ethereum, citing expectations of a pro-crypto regulatory environment. He suggested that as digital assets continue to become more mainstream, utility-specific tokens like Solana could outperform Bitcoin and Ethereum.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/standard-chartered-makes-giant-10-trillion-claim-for-cryptocurrencies/" rel="noopener noreferrer nofollow">Standard Chartered Makes Giant $10 Trillion Claim for Cryptocurrencies</a>

Standard Chartered Makes Giant $10 Trillion Claim for Cryptocurrencies

Bitcoin Sistemi EN

Other articles published on Nov 9, 2024

Saudi Arabia to pour $100B into AI data centers and startups

CZ Reacts to Anniversary of FTX Disaster

OpenSea Unveils Major Upgrade to NFT Marketplace, Set to Launch in December

Top T2E Tokens NOT, DOGS, and HMSTR Gain Bullish Momentum Following Major Breakouts: Is More Rall...

Unleash the Meme: Dogen’s 25,000% Surge Could Dethrone Dogecoin — Are You Ready for the Ride?

Gainator Review 2024: Scam Exposed By Traders – Must Read!

Join our free newsletter for daily crypto updates!