Standard Chartered expects crypto market capitalisation to grow to 10 trillion in 2026. What will happen to Bitcoin then?
Analysts at banking giant Standard Chartered have released an extremely optimistic report with a forecast about the future of Bitcoin and the cryptocurrency market as a whole. The experts referred to Donald Trump’s recent victory in the US presidential election. In their opinion, this should be a sufficient trigger for the eventual capitalisation of the digital asset industry to grow all the way up to $10 trillion by the end of 2026, i.e. during the current bullrun.
Bitcoin continued to set all-time exchange rate highs over the weekend. The current record of the first cryptocurrency remains at $81,846.
15-minute chart of the Bitcoin BTC exchange rate
The other coins are not lagging behind either. The leader of growth over the last week unexpectedly became Dogecoin, the rate of which jumped by 84 per cent on the scale of the week. The second place is occupied by Cardano with 72 per cent in seven days.
Current exchange rates of the largest cryptocurrencies by market capitalisation
When will the bullrun in crypto begin
The bank’s analysts commented on their findings in an interview with Decrypt journalists. Here is the relevant rejoinder on the matter.
We expect the digital asset industry’s price growth in percentage terms over the next two years to be similar to 2021. Similar to 2021, existing coins are likely to grow in value and additional new sectors will emerge. This time, the real-world use cases for cryptocurrencies will finally become mainstream.
Newly elected US President Donald Trump
The experts also mentioned their previous forecast for Bitcoin to grow to $200,000 and Etherium to $10,000 by the end of 2025. They stated that they still consider the mentioned goals quite achievable for the two largest cryptocurrencies within the designated timeframe.
It is important to note that ETH needs to rise in price more than three times for the forecast to become a reality. At the same time, Bitcoin at the weekend for the first time in its history took the mark of 81 thousand dollars.
That is, the scale of its growth should not be so significant, but it is compensated for by a much larger market capitalisation or the product of the number of coins in circulation at the current rate. The higher the capitalisation of an asset, the more difficult it is to influence its value.
Four-hour chart of the ETH Efirium exchange rate
Much of Standard Chartered’s enthusiasm is caused by the recent victory of Donald Trump in the US presidential election. Still, the politician made a whole list of commitments related to cryptocurrencies during his election campaign this year. In addition, the majority in Congress will be occupied by Republicans, who have a better attitude to the sphere of digital assets and are in favour of their proper regulation.
Other important initiatives regarding the coin market include the cancellation of the SAB 121 law, which makes it much more difficult for banks to cooperate with cryptocurrency companies. The new government is also expected to pass a law on stablecoins, reform the US Securities and Exchange Commission (SEC), as well as Trump’s creation of a strategic state bitcoin reserve.
However, Standard Chartered considers the likelihood of the latter plan being realised “low”, despite the love of some Republicans and industry representatives.
Ratio of Bitcoin capitalisations to popular altcoins
The bank also expects a number of important localised developments in the crypto over the next two years.
For example, despite Bitcoin’s soaring price, the main cryptocurrency could lose a significant portion of its market share – from the current 60 per cent to 40 per cent by the end of 2026. The explosive growth in altcoin capitalisation will be driven by the emergence of more ways to actually use the assets.
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Bitcoin’s current records are far from the limit for the digital asset sphere. Such an opinion was shared by Jan VanEck, CEO of the VanEck investment fund, and his comments are quoted by The Block.
Bitcoin will reach all-time highs, it reached them today and it will clearly go further. I believe that eventually Bitcoin’s capitalisation will be half that of gold, so a price of $300,000 per BTC looks achievable.
Cryptocurrency market growth
Van Eck did not give specific reasons for his theory, but noted that he considers it a “reasonable basic assumption.” By the way, the serious prospects of Bitcoin are fully in the interests of the head and his company, since VanEck is one of the issuers of a spot exchange-traded fund based on the main cryptocurrency.
In addition, the fund has previously applied to launch a spot ETF based on the Solana cryptocurrency, making it the first among its competitors to do so. Accordingly, the investment giant sees the potential in digital assets and is ready to expand the list of its own products to interact with it.
VanEck Investment Fund Manager Jan van Eck
In general, the crypto market is experiencing a serious upswing after Donald Trump was elected president of the United States. Analysts at JPMorgan predict Bitcoin will perform well under the Trump administration, benefiting from the potential weakening of the US dollar. And when you consider the current base interest rate cuts by US Federal Reserve officials and the subsequent easing of pressure on the economy, the overall situation is even better.
Look for more interesting stuff in our crypto chat room. We look forward to seeing you there so that you don’t miss the continuation of the current bullrun along with its finale.
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