According to Geoff Kendrick from Standard Chartered, the prices of several major cryptocurrencies could experience significant growth by the end of 2025, particularly if Donald Trump wins the U.S. presidential race.
Kendrick predicts that Solana (SOL) could increase fivefold, Ethereum (ETH) could rise fourfold, and Bitcoin (BTC) could triple in value based on current prices.
Kendrick, the Global Head of Digital Assets Research at the bank, outlined these projections in a Tuesday note, saying, “In rough terms from todayโs prices under Trump, I predict the following multiples by year-end 2025: SOL 5X, ETH 4X, BTC 3X.” He also commented on alternative scenarios, stating that if Kamala Harris were to become president, he expects Bitcoin to outperform Ethereum, which would, in turn, outperform SOL.
In this case, Kendrick anticipates Ethereum could reach $7,000 by the end of 2025. Regardless of the election’s outcome, he envisions Bitcoin hitting $200,000 by the same timeframe.
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Solanaโs Potential Under a Trump Presidency
Kendrick emphasized that a Trump administration would likely foster a more favorable environment for the Solana ecosystem. He noted that the likelihood of introducing a Solana-based exchange-traded fund (ETF) would be higher under Trump.
“The metrics suggest the market is pricing in a very bright growth future for SOL, with an expected increase in throughput of 100 to 400 times,” Kendrick explained, stressing that these growth projections depend on SOLโs ability to significantly boost its transaction throughput. He highlighted that Firedancer, a third-party validator client aimed at enhancing Solanaโs efficiency, would need to be operational to achieve such growth. Firedancer is expected to raise Solanaโs transactions per second to one million.
Additionally, Kendrick noted that for SOL to reach its predicted valuation, it would need to dominate various sectors, such as finance, consumer services, and decentralized physical infrastructure networks (DePIN), which typically require high throughput.