Standard Chartered Makes Giant $10 Trillion Claim for Cryptocurrencies

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.

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.