Standard Chartered analyst: If Republicans control Congress, crypto market capitalization is expected to triple
2024-11-08 23:02:21
According to hit bank analyst geoff kendrick forecast if successdesk3cryptocurrencydesktopCrypto News
According to Standard Chartered analyst Geoff Kendrick, if the Republicans succeed in taking control of both houses of the US Congress, the crypto market capitalization could reach $10 trillion by the end of 2026, an increase of 300% from the current $2.70 trillion. Kendrick believes that a Republican-dominated government could bring friendly policies, such as easing stablecoin regulations and taking a looser stance at the Securities Exchange Commission, promoting major benefits such as bitcoin reserves. In addition, areas such as crypto gaming, tokenization, and decentralized Internet of Things are expected to benefit from a friendlier policy environment.
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