Standard Chartered Predicts Bitcoin Will Hit $200K by 2025, Regardless of US Election Outcome

Standard Chartered's Global Head of Digital Assets Research Geoff Kendrick predicts a potential increase in the value of Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), irrespective of who wins the U.S. election.

Standard Chartered’s Global Head of Digital Assets Research Geoff Kendrick has shared his projections for the performance of Bitcoin, Ethereum and Solana, regardless of the outcome of the U.S. election.

Kendrick predicts that Bitcoin could quadruple in value under a Trump administration, while Ethereum could triple. He also suggests that a Trump win could be more supportive of the Solana ecosystem than a Harris administration.

For Kendrick’s Solana valuation predictions to come true, certain conditions would need to be met, such as the introduction of a Solana ETF under Trump, as reported by The Block. He also highlighted the need for a significant increase in Solana’s network throughput to achieve his valuation forecast.

Kendrick pointed to Firedancer, a new third-party validator client software designed to enhance Solana’s efficiency, and Solana’s dominance across multiple sectors, including finance, consumer services and decentralized physical infrastructure (DePIN).

However, Kendrick suggests that a Kamala Harris presidency could see Bitcoin outperforming Ethereum, which would then outperform Solana. He predicts that Ethereum could reach $7,000 by 2025 in this scenario. Irrespective of the election outcome, Kendrick sees Bitcoin rising to $200,000 by 2025’s end.

These Standard Chartered predictions follow a MarketVector report from September 2024, which indicated that Solana could capture 50% of Ethereum’s market cap, potentially reaching $330.

The report noted Solana’s superior performance metrics and suggested that the cryptocurrency was significantly undervalued compared to Ethereum, presenting a major investment opportunity.

The influence of Bitcoin as an institutional asset class will be further explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19. Don’t miss out!

Continue Reading on Benzinga: Bitcoin Dips Below $63K: What Does Technical Analysis Say?

Why It Matters: Standard Chartered’s predictions come in the wake of a MarketVector report from September 2024, which suggested that Solana could capture 50% of Ethereum’s market cap, potentially reaching $330.

The report highlighted Solana’s superior performance metrics and suggested that the cryptocurrency was significantly undervalued compared to Ethereum, presenting a major investment opportunity.

What’s Next: The influence of Bitcoin as an institutional asset class will be further explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19. Don’t miss out!

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