According to British bank Standard Chartered, the main cryptocurrencies will experience huge jumps in their prices thanks to the current rally in that digital asset market. Thus, the firm's analysts project that the price of ETH will reach $10,000 dollars. Meanwhile, Bitcoin will reach $200,000 per coin.
In a recent analysis , the strategists of this financial institution highlight the enormous potential of the crypto market, especially for 2025. The economic and political conditions in the United States are projected to be very favorable for an explosive increase in demand for the main cryptocurrencies.
This positive forecast comes against a backdrop of two major factors that have triggered a strong revival of optimism. These facts are Donald Trump's victory in the United States and the new rate cut by 0.25% by the Federal Reserve. By 2026, the bank expects a 4X growth in the market capitalization of the crypto world.
If this prediction comes true, the crypto market capitalization will jump from the current $2.5 trillion to $10 trillion. This means that the price of key assets such as ETH or Bitcoin will reach a huge price in the coming months. Geoffrey Kendrick, an analyst at this firm, sees Trump's policies as the main catalyst.
ETH and BTC price are in the early stages of the rally
Chartered's positive predictions assume that the 2024 Bitcoin rally is a prelude. In that sense, by 2025 there will be a series of changes that will lead to massive adoption by citizens in the United States and the rest of the world.
The Trump administration is on track to fulfill its promises of industry-friendly policies. Among the policies that generate the most enthusiasm are new regulations for the sector, which would eliminate the possibility of new wars against the crypto world in future governments. In addition, there is the incorporation of Bitcoin into the strategic reserves of the North American country.
Specific elements such as the dismissal of Gary Gensler as SEC chairman will also generate enormous buying pressure. With all these elements in perspective, the aforementioned analyst believes that the path is clear for the price of ETH to reach $10,000. In parallel, the price of Bitcoin will have no problem reaching $20,000 per coin, according to the expert.
At the time of writing, these coins show outstanding performance in terms of 24 hours and 7 days. In the first case, Bitcoin presents +0.64% and Ethereum +4.15%. In one week, this performance extends to +10.41% and +22.31% respectively. These data correspond to the CoinMarketCap portal (GMT: 15:20) of this Saturday, November 9.
