Solana Poised To Outperform Bitcoin Under A Trump Presidency
Led by Geoff Kendrick, StanChart's Global Head of Digital Assets Research, the bank's analysts have shared an optimistic view of Solana's future should Trump reclaim the White House.
Banking giant Standard Chartered has predicted that the price of Solana (SOL) could increase fivefold by 2025, outperforming Bitcoin (BTC) and Ethereum (ETH) if Republican presidential candidate Donald Trump wins the presidency in November.
According to a recent note from StanChart’s Global Head of Digital Assets Research, Geoff Kendrick, a Trump administration would be more supportive of Solana and the digital asset ecosystem overall.
“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 bank stated.
The analysts anticipate that a Trump administration would introduce a Solana exchange-traded fund (ETF), which would further boost demand for the cryptocurrency.
Moreover, they believe that Trump's policies would support emerging cryptos like Solana by facilitating faster growth and easier regulatory pathways for blockchain platforms.
“His 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 contrast, a Kamala Harris administration would likely take a more cautious approach to crypto regulation, which would benefit Ethereum, according to Standard Chartered.
“Harris would introduce stringent crypto rules that would slow down newer blockchains like Solana but benefit ETH due to its established infrastructure,” the strategists noted.
“Bitcoin is still expected to outshine ETH, and ETH, in turn, would beat SOL’s gains in 202s if Harris wins.”
Specifically, Standard Chartered now sees Ethereum hitting around $10,000 under Trump and $7,000 under a Harris/Walz regime.
Meanwhile, the bank’s analysts foresee Bitcoin smashing the $200,000 price tag by 2025-end, regardless of the election outcome.
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