Republican Victory Could Boost Cryptocurrency Market

According to Foresight News, CoinDesk reported on November 12 that a research report from Standard Chartered Bank suggests a significant Republican victory could enable the new government to implement favorable policies for the digital asset sector. This development might lead to the total market capitalization of cryptocurrencies expanding to $10 trillion by the end of 2026. The bank reiterated its end-of-2025 targets, forecasting Bitcoin's price to reach approximately $200,000 and Ethereum's price to be around $10,000. Additionally, the report anticipates that Solana will outperform the two largest cryptocurrencies, Bitcoin and Ethereum, in the coming years. These projections reflect the bank's optimistic outlook on the potential impact of political changes on the cryptocurrency market.