Bitcoin to hit ₹1.5 crore by 2025-end, predicts Standard Chartered
Standard Chartered has predicted a massive jump in the value of Bitcoin and Ethereum by the end of 2025. The bank's research head, Geoffrey Kendrick, predicts Bitcoin could hit $200,000 (roughly ₹1.5 crore) and Ethereum could touch $10,000 (roughly ₹7.4 lakh). This bullish outlook comes on the back of expected regulatory changes after the Republican sweep in the recent US election cycle.
Crypto market cap could quadruple by late 2026
Kendrick also predicts a fourfold increase in the digital assets market cap, which could hit $10 trillion (roughly ₹7.4 crore crore) by the US mid-term elections in late 2026. He thinks these regulatory shifts could bring mainstream adoption and real-world use cases for digital assets. "For me, the Trump-ublican sweep means Digital Assets are finally going to come of age," Kendrick said.
Regulatory changes and softer SEC stance to boost adoption
Standard Chartered's growth projection is driven by possible regulatory changes like a repeal of SAB 121 and favorable stablecoin regulations. The bank expects these could be enacted soon after the new administration takes office in January 2025. Further, a softer regulatory stance on digital assets from the SEC is expected to open more pathways for mainstream use.
Solana expected to outperform Bitcoin and Ethereum
The Standard Chartered report indicates that assets closely tied to practical, end-use cases such as Solana are expected to witness the most explosive growth. Kendrick envisions strong growth potential for sectors such as gaming, tokenization, and new frontiers like decentralized physical infrastructure (DePIN) and consumer social. These sectors are still at nascent stages of development but hold promising prospects for future growth.
US Bitcoin reserve could significantly impact digital assets market
While Standard Chartered considers a US Bitcoin reserve a low-probability event, the move could have a major impact on the digital assets market if it is actually implemented. Kendrick stresses the regulatory clarity and adoption policies that a Trump administration could bring to lift the entire asset class. It would create an environment where digital assets could go mainstream, further boosting their value and acceptance.
