To this end, the StanChart team would look for “several positives” for the asset class early in the administration. This includes regulatory changes and changes at the US Securities and Exchange Commission (SEC), that would lead to a softer regulatory stance on digital assets.
Bitcoin, the largest cryptocurrency by market capitalisation, is on track to reach US$200,000 ($265,719) apiece by end-2025, Standard Chartered (StanChart) reiterates.
In his Nov 8 report, StanChart global head of digital assets research Geoff Kendrick notes that the US’s Republican win allows the new administration to push through supportive policies for digital assets soon after taking office in January 2025. This is in line with President-elect Donald Trump’s campaign pledges.
