StanChart believes Solana will outperform Bitcoin, Ethereum under Trump administration

Standard Chartered’s latest research reveals that Solana (SOL) could see substantial valuation growth if former President Donald Trump wins the election against Vice President Kamala Harris.

According to the report, a Trump administration would be more favorable for Solana’s rise compared to Ethereum (ETH). The bank’s report posits that political shifts in Washington could dramatically influence the trajectory of leading digital assets in the coming years.

The report, authored by StanChart’s head of crypto research, Geoffrey Kendrick, delves into the potential impact of a Trump or Harris presidency on the crypto market, particularly focusing on the future of SOL and ETH.

It highlights the significant role US regulatory policy plays in shaping the future of digital assets. While both SOL and ETH are poised for growth, the political landscape could either accelerate or hinder their respective trajectories.

In either scenario, Kendrick expects both cryptocurrencies to outperform Bitcoin (BTC) in the coming years, marking a potential shift in the blockchain space where altcoins take the lead.

SOL’s potential under Trump

Standard Chartered forecasts that under a Trump presidency, Solana could experience a valuation boom driven by its superior transaction processing speed and increased throughput.

The report predicts that SOL could rise by 100x to 400x from its current value over the next several years, reaching as high as $10,000.

Kendrick’s analysis attributes the potential surge to a pro-innovation regulatory landscape that Trump is expected to favor, allowing emerging technologies like Solana to capitalize on a more flexible market environment.

According to the report:

“Trump’s policies would likely allow for faster growth and easier regulatory pathways for blockchain platforms like Solana. In this scenario, SOL is projected to outperform ETH and even Bitcoin, cementing its place as a dominant force in the blockchain sector.”

In addition to SOL’s potential growth, Standard Chartered predicts that SOL and ETH could overtake Bitcoin in terms of market performance by 2025, signaling a major shift in the hierarchy of leading cryptocurrencies.

ETH’s strength under Harris

Conversely, a Harris administration would likely take a more cautious approach to crypto regulation, which would benefit Ethereum.

The report anticipates that ETH could outperform SOL under such a scenario, with its price climbing to $18,000 by 2026, compared to SOL’s estimated $7,000 by the end of 2025.

Kendrick’s analysis suggests that Harris would introduce stricter regulatory frameworks, which could slow down innovation for newer blockchain platforms like Solana while benefiting Ethereum due to its established presence and institutional adoption.

According to the report, Ethereum would likely enjoy more stability and sustained growth under a more regulated market due to its broader ecosystem and recognized role in DeFi.

The report added:

“The regulatory environment under Harris would likely slow down the more speculative and high-growth projects, but Ethereum’s established infrastructure could see it benefit from clearer, more stringent rules.”

Mentioned in this article