Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, believes that if the Republicans take control of both houses of the US Congress, the global crypto market value may increase by 300% in the next two years. Currently, Republicans hold the Senate and the White House, with the House of Representatives still uncertain.
Kendrick estimates a 50% chance of a Republican sweep. In this scenario, he expects favorable policies to boost the entire crypto market cap from $2.7 trillion to around $10 trillion by 2026. Crypto gaming, tokenized assets, and DePin may benefit from anticipated Trump administration policies and a more crypto-friendly regulatory approach.
Standard Chartered’s end-2025 price targets for Bitcoin are $200,000 and $10,000 for Ethereum, assuming a Republican majority in Congress. Kendrick also predicts that digital assets with specific use cases, like Solana, may outperform Bitcoin and Ethereum.
