Standard Chartered Bank Analyst: If the Republican Party controls Congress, the market value of the cryptocurrency market is expected to triple
According to a prediction by Geoff Kendrick, an analyst at Standard Chartered Bank, if the Republican Party successfully takes control of both houses of the US Congress, the market value of cryptocurrencies could reach $100 trillion by the end of 2026, a 300% increase from its current $2.7 trillion.
Kendrick believes that a government led by Republicans may bring about friendly policies such as relaxing stablecoin regulations and adopting a more relaxed stance at the U.S. Securities and Exchange Commission (SEC), promoting major benefits like Bitcoin reserves. In addition, it is expected that areas such as crypto gaming, tokenization and decentralized Internet of Things will benefit from a more friendly policy environment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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