Standard Chartered predicts the cryptocurrency market cap will reach $10 trillion by 2026, thanks to Donald Trump's pro-crypto stance and Republican sweep. As the first "crypto-President" of the United States, Trump's support has fueled a Bitcoin surge, pushing its market value past $90,000 and increasing the total cryptocurrency value by over $650 billion to $3.2 trillion.
Trump's shift from dismissing Bitcoin to becoming a vocal supporter has been significant. He promised to create a "strategic national Bitcoin stockpile" and criticized the Biden administration's tough stance on crypto. His own crypto project and statements, such as "If we don't embrace crypto and Bitcoin technology, China will, other countries will, they'll dominate, and we cannot let China dominate," have instilled optimism in crypto enthusiasts. 1 reply
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