Standard Chartered Bank recently issued its latest forecast, stating that if Trump wins the upcoming US presidential election, Solana ($SOL ) will rise fivefold by the end of 2025, and Bitcoin ($BTC ) will also reach a high of $200,000 by the end of the same year. point.

Geoff Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, said that if Trump is elected, the price of Bitcoin can reach US$125,000 by the end of the year, while if Harris wins, it will only reach US$75,000. As for the situation in 2025, Trump’s victory may bring more regulatory benefits to Solana and help Solana and other crypto assets significantly increase in value. He believes that by then Solana is expected to rise fivefold, Ethereum ($ETH ) fourfold, and Bitcoin threefold.

Kendrick further pointed out that the difference in attitudes between Trump and Harris towards cryptocurrency will have a profound impact on the market. Trump has publicly stated his support for cryptocurrencies and is committed to creating a friendly regulatory environment, which has led to market expectations that his policies may significantly boost the crypto market. On the contrary, Harris' attitude is relatively vague. If elected, she may continue the Biden administration's unclear policy on cryptocurrency.

In addition, Kendrick also detailed his two main reasons for being bullish on Solana:

Solana spot ETF passes expectations: Kendrick believes that as the Ethereum spot ETF application is gradually approved, other spot ETFs like Solana may also be approved in 2025, which will bring huge benefits to Solana.

Firedancer upgrade: Solana’s planned Firedancer upgrade will be developed by Jump Crypto and is expected to increase the network’s transactions per second (TPS) to 1 million. This technology upgrade is expected to increase Solana's performance by 100 to 400 times, helping it establish a stronger dominance in the financial and consumer services fields.

However, Standard Chartered's forecasts are not always accurate. In May this year, the bank predicted that Bitcoin would hit a new high at the end of the week after the Ethereum spot ETF was approved, but the result failed to materialize. Furthermore, Bitcoin is still quite far away from Standard Chartered’s year-end target of $125,000. Whether this prediction can come true depends on continued observation of market trends.