Republican control could boost crypto market to $10T by 2026
November 08, 2024, 5:52 PM
Standard Chartered’s Geoff Kendrick forecasts a 300% surge in global cryptocurrency market cap to $10 trillion by 2026 if Republicans gain full control of Congress, The Block has reported. He expects pro-crypto regulatory changes and favorable policies under a Trump administration, particularly in sectors like crypto gaming, tokenization and decentralized infrastructure. Kendrick also reaffirmed the bank’s end-2025 price targets of $200,000 for Bitcoin and $10,000 for Ethereum. Currently, the crypto market cap stands at $2.7 trillion.
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