Republicans Could Boost Crypto Market to $10 Trillion by 2026 – Standard Chartered

Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, predicts that the global cryptocurrency market could soar to $10 trillion by 2026 if the Republican Party secures control of both chambers of the US Congress.

While the Senate and presidency are already under Republican leadership, the outcome of the House of Representatives remains uncertain, though Kendrick believes a Republican victory is likely.

Kendrick suggests that a Republican-controlled Congress would bring favorable policies that could drive a massive 300% growth in the crypto market, pushing its value from $2.7 trillion to $10 trillion. He highlights emerging sectors like crypto gaming, tokenization, and decentralized infrastructure (DePin) as areas poised to benefit from such political shifts.

Kendrick also speculates on potential regulatory reforms, including the repeal of SAB 121, a more favorable stance on stablecoins, and a more supportive approach from the SEC toward digital assets. He even mentions the unlikely but impactful possibility of a U.S. Bitcoin reserve.

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Kendrick’s projections for 2025 include Bitcoin reaching $200,000 and Ethereum hitting $10,000, supported by a more crypto-friendly regulatory environment. He also notes that specialized tokens like Solana, designed for specific utilities, could outperform Bitcoin and Ethereum as the digital asset market continues to evolve.

Source

Kosta Gushterov