Standard Chartered recently released a forecast predicting a significant rise in the digital asset market, projecting a value of $10 trillion by 2026—a fourfold increase. According to the report, Bitcoin could reach $200,000, while Ethereum is expected to surpass $10,000, a major rise from their current prices of $76,500 and $2,950, respectively. The bank foresees a regulatory shift in the U.S., influenced by recent political developments, that could drive these gains.
Potential for Regulatory Reforms Under Trump’s Possible Re-election
A major factor in Standard Chartered’s outlook is the potential return of Trump to office, with promises of easing crypto regulations. The bank suggests that if Trump’s administration, along with a Republican Congress, comes into power, they could enact several crypto-friendly policies, such as:
- Repealing SAB 121 to allow banks to safely custody digital assets
- Enacting stablecoin legislation to drive adoption
- Halting the SEC’s regulatory actions against crypto, which would clarify the status of digital assets
- Considering a U.S. Bitcoin reserve (though this remains unlikely)
These measures are expected to enhance institutional interest and drive growth in the crypto sector, with regulatory clarity being key for further development and investment.
Altcoin Growth: Solana’s Advantage Amid Real-World Applications
Standard Chartered’s forecast also envisions shifts within the digital asset market as altcoins with practical applications gain momentum. While Bitcoin is likely to experience substantial growth, its market dominance may drop from 60% to 40% by 2026 due to increased altcoin adoption. Key altcoin sectors include:
- Gaming: Blockchain-based games providing innovative revenue streams
- Decentralized Physical Infrastructure (DePIN): Networks supporting decentralized infrastructure
- Blockchain Social Media: Platforms offering user-driven content
The bank particularly highlights Solana, which is anticipated to outperform both Bitcoin and Ethereum due to its flexibility in supporting applications across these emerging sectors. According to Standard Chartered, tokens with practical utility are well-positioned to capture a larger market share as adoption grows.
Key Takeaways
- Bitcoin’s Rise: Projected to reach $200,000 by 2026, signaling robust market confidence.
- Regulatory Shifts: Potential reforms under a Trump administration could boost crypto.
- Altcoin Growth: Utility-focused altcoins like Solana could see notable gains.
Standard Chartered’s analysis highlights regulatory developments, market dynamics, and practical applications as crucial factors shaping the future of digital assets. The bank’s insights suggest that with increasing adoption, Bitcoin and altcoins could reach significant new highs, presenting transformative opportunities for investors.
Bitcoin Price Outlook: Targeting $80,000 with Near-Term Resistance
Bitcoin is currently consolidating near $76,440 within an ascending wedge, suggesting possible resistance at $77,800. A break above could push it toward $80,350, though the pattern indicates caution. The RSI is around 60, indicating moderate bullish momentum, with strong support at the 50-day EMA near $71,000.
Immediate support levels are at $75,400, with further supports at $73,600 and $72,150 if a downturn occurs. Failure to surpass resistance could lead to a broader correction.
Crypto All-Stars Approaches $3.2 Million Presale
Amid surging Bitcoin adoption, Crypto All-Stars is attracting attention with its presale nearing $3.2 million and offering 494% staking rewards. Investors have a limited window to purchase $STARS at the current rate of $0.0015494. Crypto All-Stars combines Bitcoin’s appeal with meme coin enthusiasm, presenting a unique staking model for maximizing returns.
With robust token distribution strategies, early investors can buy $STARS using ETH, USDT, BNB, or even a card, making it accessible for a variety of adopters.
The post $200,000 Bitcoin? Standard Chartered’s Bullish Note Predicts $10 Trillion Crypto Market appeared first on Cryptonews.
