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RE: LeoThread 2024-11-09 06:43

in LeoFinance3 months ago

Bitcoin To $200,000, Ethereum To $10,000 And Crypto Market Cap To 4X By End Of 2025, Says Standard Chartered

Standard Chartered projects a fourfold increase in the digital assets market cap, reaching $10 trillion by the U.S. mid-term elections in late 2026.

Standard Chartered projects a fourfold increase in the digital assets market cap, reaching $10 trillion by the U.S. mid-term elections in late 2026.

#bitcoin #ethereum #crypto #standardchartered #elections #digitalassets

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What Happened: According to a new note from Geoffrey Kendrick, Head of Research at Standard Chartered, this growth forecast is based on anticipated regulatory shifts following a projected Republican sweep in the recent election cycle, which could lead to mainstream adoption and real-world use cases for digital assets.

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“For me, the Trump-ublican sweep means Digital Assets are finally going to come of age,” Kendrick commented, expressing confidence that favorable regulatory policies will drive adoption across the asset class. He added, "I look for the entire asset class to 4X by the time of the US mid-terms in late 2026."

Standard Chartered highlight several factors contributing to this growth projection.