Solana Predicted to Outshine Ethereum and Bitcoin in 2025 if Trump Wins, Says Standard Chartered
2024-10-10
Standard Chartered Bank has released a bold prediction, forecasting significant growth for Solana (SOL), Ethereum (ETH), and Bitcoin (BTC) by 2025. According to Geoffrey Kendrick, the bank's Global Head of Digital Assets Research, SOL could see a fivefold increase, ETH a fourfold rise, and BTC a threefold jump if Donald Trump wins the U.S. presidential election. The bank also expects Bitcoin to reach $200,000 by the end of 2025, regardless of the election outcome.
Key Takeaways
- Solana is projected to outperform Ethereum and Bitcoin in 2025 if Donald Trump is reelected.
- Ethereum could reach $10,000 under a Trump administration and $7,000 under Kamala Harris.
- Standard Chartered predicts Bitcoin will hit $200,000 by the end of 2025, regardless of the U.S. election outcome.
Standard Chartered Predicts Solana to Lead in 2025 Growth
British multinational bank Standard Chartered has projected that Solana (SOL) will outperform Ethereum (ETH) and Bitcoin (BTC) by 2025 if Donald Trump wins the U.S. presidential election. In a recent report, Geoffrey Kendrick, the bank’s Global Head of Digital Assets Research, emphasized that under a Trump administration, Solana’s valuation could skyrocket, seeing up to a fivefold price increase. Ethereum could also rise to $10,000, while Bitcoin is expected to hit $200,000 by the end of 2025, irrespective of the election outcome.
Kendrick introduced new valuation metrics for layer-1 blockchains, noting that Solana’s market cap-to-fees ratio is 250x compared to Ethereum’s 121x, reflecting heightened market expectations for Solana’s future growth. Kendrick suggested that the U.S. presidential election would be pivotal for these valuations, as Trump’s policies may favor the digital asset space more than Kamala Harris's approach.
Trump vs. Harris Scenarios
The bank’s report details different outcomes depending on who wins the U.S. election. Under Trump, Solana is expected to outperform Ethereum, which in turn will outperform Bitcoin. Solana’s throughput is projected to grow 100-400x under a Trump administration. Conversely, under Kamala Harris, Bitcoin is expected to outperform Ethereum, and Ethereum to outperform Solana, due to different regulatory and economic policies.
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FAQs
Why is Solana expected to outperform Ethereum and Bitcoin in 2025?
Solana's market cap-to-fees ratio suggests strong growth potential, and Standard Chartered predicts favorable conditions under a Trump administration could lead to a fivefold price increase for SOL.
What will happen to Bitcoin and Ethereum if Trump wins the election?
Bitcoin is expected to reach $200,000 by the end of 2025, while Ethereum could rise to $10,000, both benefiting from a Trump-led administration's crypto-friendly stance.
How does Kamala Harris’s presidency affect cryptocurrency prices?
Under Harris, Bitcoin is predicted to outperform Ethereum, and Ethereum to outperform Solana, with less rapid growth compared to Trump’s potential policies.
Disclaimer: The content of this article does not constitute financial or investment advice.
