- Solana (SOL) is projected to outperform Ethereum (ETH) and ETH to outperform Bitcoin (BTC) in 2025 if Donald Trump wins the U.S. presidential election, according to Standard Chartered bank.
- The bank predicts a 5x increase in SOL’s price, a 4x increase for ETH, and a 3x increase for BTC by the end of 2025 under a Trump presidency.
- Standard Chartered expects Bitcoin to hit $200,000 by the end of 2025, regardless of who wins the election.
Standard Chartered, a British multinational bank, has made predictions on how the 2024 US presidential election could impact the future prices of major cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Solana Outperformance
According to Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, Solana is currently richly valued compared to Ethereum. Based on the market cap-to-fees ratio, SOL is valued at 250x versus 121x for ETH.
This high valuation implies market expectations of substantial growth for Solana, with projections of a 100-400x increase in throughput over the coming years.
Trump vs. Harris Impact
Kendrick emphasizes the potential impact of the US presidential election on these valuations. He states that under a Trump presidency, by the end of 2025, SOL could see a 5x increase from current prices, ETH a 4x increase, and BTC a 3x increase.
However, under a Kamala Harris administration, he predicts that BTC would outperform ETH and ETH would outperform SOL in 2025.
Ethereum Price Targets
Providing specific price targets for Ethereum, Kendrick stated that Standard Chartered now sees Ethereum hitting levels of around $10,000 under Trump and $7,000 under Harris.
Bitcoin Price Projections
$200,000 Bitcoin Regardless of Winner
Kendrick also said he expects Bitcoin to hit $200,000 by the end of 2025, irrespective of who wins the election.
Conclusion
According to Standard Chartered’s analysis, the outcome of the 2024 US presidential election could have a significant impact on the future prices of top cryptocurrencies like Bitcoin, Ethereum, and Solana over the next few years. A Trump victory favors exponential growth for Solana, while a Harris win would see slower but still substantial gains.
