Standard Chartered Predicts ETH at $10K and Bitcoin at $200K in Trump Era

• Standard Chartered predicts Ethereum (ETH) could hit $10K and Bitcoin (BTC) could reach $200K under a Trump-led administration, fueled by crypto-friendly policies and regulatory changes.
• Standard Chartered forecasts a fourfold increase in the total crypto market cap by 2026, potentially reaching $10 trillion, driven by institutional participation and regulatory shifts.

Following Donald Trump’s recent election victory, Ethereum saw its biggest three-day jump of the year, gaining 21% and hitting over $3,000. Institutional interest is also growing, as Ethereum ETFs recorded $132 million in net inflows from November 6 to 7.

According to Ali Chart, Ethereum (ETH) at $3,000 today is just the beginning.

#Ethereum $ETH at $3,000 today is just the beginning! https://t.co/gpAfqbe2v5

— Ali (@ali_charts) November 9, 2024

Indeed, as of now, Ethereum (ETH) is trading at $3,194.99, having surged by 0.10% and 29.66% in the past week.

This outlook is bolstered by Trump’s expected crypto-friendly policies and the recent 25 basis point Fed rate cut, which have created a wave of bullish sentiment across the crypto market.

Standard Chartered Projects Massive Market Growth by 2026

Standard Chartered forecasts substantial expansion in the crypto market, with a projected fourfold increase in the total market cap by the 2026 U.S. mid-term elections. The bank suggests that the current $2.5 trillion cap could grow to $10 trillion, driven by regulatory changes and increased adoption under Trump’s administration.

In addition, Geoffrey Kendrick, the bank’s Head of Research, highlights the potential for eased crypto regulations and a favorable stance from a reformed SEC, potentially led by a new chair following Gensler’s expected departure. This regulatory shift is seen as a catalyst for broader institutional participation in digital assets.

Expert Analysis: Ether’s Climb Is “Just the Beginning”

Crypto analyst Ali Martinez predicts that Ethereum’s rise past $3,000 is merely the start of a larger bull run, which could see ETH reaching $10,000, mirroring trends in the S&P 500. Alongside Ethereum, Bitcoin and altcoins like Solana are also poised to benefit from the anticipated regulatory reforms and potential strategic adoption of Bitcoin as a reserve asset by the U.S. government.

Although the probability of Bitcoin as a national reserve is low, Standard Chartered’s forecast underscores broader confidence in Bitcoin and Ethereum’s growth potential amid shifting political and regulatory landscapes.