In a recent analysis, Geoff Kendrick, the Global Head of Digital Assets Research at Standard Chartered, forecasts a remarkable surge in Bitcoin, Ethereum, and Solana prices by 2025, regardless of the U.S. election outcomes. Known for his expert predictions, Kendrick suggests that these leading cryptocurrencies could see substantial gains in the coming years.
Projecting Bitcoin, Ethereum, and Solana’s Future
This detailed report uncovers Kendrick’s insights, which include a possible fourfold increase in Ethereum’s value and a tripling of Bitcoin’s worth, particularly under a Trump presidency. Furthermore, he points out that the Solana ecosystem could thrive more robustly with Republican leadership as opposed to a Harris administration.
Conditions for Solana’s Potential Growth
For Solana’s predicted fivefold increase to come to fruition, certain factors must align. These include the potential launch of a Solana ETF during a Trump term, as described by The Block. Additionally, focusing on enhancing Solana’s network throughput is crucial. Tools like Firedancer, an innovative third-party validator client, play a pivotal role in boosting Solana’s efficiency, maintaining its superiority in sectors such as finance and decentralized infrastructure.
Potential consequences of a Harris presidency, according to Kendrick, might result in Bitcoin surpassing Ethereum in performance, with Ethereum marginally outperforming Solana. In such a scenario, Ethereum might peak at $7,000 by 2025. Independently of the political landscape, Bitcoin is anticipated to climb to an impressive $200,000 by the end of 2025.
Why These Projections Matter
The Standard Chartered forecast builds upon a September 2024 MarketVector report that suggested Solana could capture a significant share of Ethereum’s market cap, potentially reaching $330. Notably, this report emphasized Solana’s strong performance parameters and posited that it remains undervalued compared to Ethereum, presenting an appealing investment opportunity.
Upcoming Insights: The growing influence of Bitcoin as a major institutional asset will be extensively discussed at Benzinga’s Future of Digital Assets event on November 19.
Also Read: Bitcoin Dips Below $63K: What Does Technical Analysis Say?
Image created using artificial intelligence with Midjourney.
This content was partially produced with the assistance of AI tools and reviewed for publication by Benzinga editors.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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