Cryptocurrency market cap could reach $10 trillion by 2026, predicts Standard Chartered
Standard Chartered's Bold Predictions Under a Trump Presidency
After Donald Trump's victory in the U.S. election, the cryptocurrency market is filled with optimism, supported by forecasts from reputable financial institutions.
According to a report by the British bank Standard Chartered, by the U.S. midterm elections in late 2026, the total cryptocurrency market capitalization could quadruple from the current $2.5 trillion to $10 trillion.
According to CoinPedia, the report states that Bitcoin is on track for a strong bull run, potentially reaching the $200,000 mark, and Ethereum is poised to soon hit $10,000, which has also spurred market optimism.
Standard Chartered’s Head of Research, Geoffrey Kendrick, highlighted several factors supporting this optimistic outlook.
What is the basis for this bold forecast?
First and foremost, Trump’s promise to dismiss SEC Chairman Gary Gensler on his first day in office, with rumors already circulating that Gensler is preparing to step down this year.
With a change in SEC leadership and regulatory easing, Standard Chartered predicts that under Trump’s administration, the SEC would take a more lenient stance toward cryptocurrencies.
The report notes that Bitcoin and leading altcoins such as Solana and Ethereum are likely to benefit the most under the new administration.
Standard Chartered even considers the possibility of the U.S. adopting Bitcoin as a strategic reserve, which could accelerate the cryptocurrency’s growth. However, it also emphasizes that this scenario is highly unlikely.
At the Bitcoin 2024 conference in Nashville, Trump committed to retaining all BTC currently held by the U.S. government, hinting at a bold vision to reduce national debt through digital assets. “Who knows, maybe we’ll pay off our $35 trillion with a Bitcoin check,” Trump remarked, emphasizing the potential economic impact of embracing Bitcoin,
