Standard Chartered says solana price could surge fivefold by end of 2025 if Trump wins presidency
2024-10-08

Based on current prices and the potential implications of Donald Trump winning the U.S. presidential race, Standard Chartered's Geoff Kendrick forecasts that by the end of 2025, solana's price could increase fivefold, ether could rise fourfold, and bitcoin could triple in value.
"In rough terms from today’s prices under Trump I predict the following multiples by year-end 2025: SOL 5X, ETH 4X, BTC 3X," the Standard Chartered Global Head of Digital Assets Research said in a Tuesday note.
He also said that if Kamala Harris were to become president, he expects bitcoin to outperform ether, which, in turn, would outperform solana. "In U.S. dollar terms, we anticipate Ethereum reaching the $7,000 level by the end of 2025 in a scenario where Kamala Harris is president," he added. Kendrick envisions bitcoin rising to $200,000 by the end of 2025, regardless of the election outcome on Nov. 5.
Solana's growth potential under Trump
Kendrick outlined the specific conditions necessary for his valuation predictions for solana to materialize. He views a Trump administration as being more supportive of the Solana ecosystem compared to a Harris administration. "The introduction of a solana exchange-traded fund (ETF) would be more likely under a Trump presidency," he said.
"The metrics suggest the market is pricing in a very bright growth future for Solana, with an expected increase in throughput of 100 to 400 times," Kendrick said, emphasizing that achieving his valuation forecast for solana will require the network's throughput to significantly increase. To support these ambitious valuations, Kendrick pointed out that Firedancer, a new third-party validator client software aimed at enhancing Solana's efficiency, would need to be operational. This software seeks to increase transactions per second to one million.
Additionally, he added, Solana would need to establish dominance across multiple sectors, including finance, consumer services, and decentralized physical infrastructure (DePIN), which typically demand high throughput.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.