Standard Chartered issued an extraordinarily rosy note on Friday regarding the crypto industry’s near-term prospects, estimating that the digital assets market is poised to balloon nearly four times over to a market capitalization of $10 trillion by the end of 2026. 

“We expect the coming two-year period to see similar price gains for digital assets (in percentage terms) to 2021,” the British bank said in a note shared with Decrypt. “As in 2021, existing digital assets are likely to see price rises and new subsectors emerge; this time, real-world use cases are finally poised to go mainstream.”

The bank doubled down on previous estimates that, by the end of next year, Bitcoin will reach $200,000 and Ethereum will surpass $10,000. That’s quite a jump from current prices of approximately $76,500 and $2,950, respectively.

Much of this enthusiasm stems from Donald Trump’s decisive victory in Tuesday’s U.S. presidential election. Trump, who made a laundry list of crypto-related commitments on the campaign trail this year, looks increasingly likely to retake the White House armed with Republican majorities

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Author: Sander Lutz