Major Banks Forecast Bitcoin to Hit $200K Following US Election: Standard Chartered, JPMorgan Analysis

KEYTAKEAWAYS

TABLE OF CONTENTS

• KEY TAKEAWAYS
• 1. STANDARD CHARTERED BANK
• 2. BERNSTEIN
• 3. JPMORGAN CHASE
• 4. BITWISE
• LOOKING AHEAD: A NEW CHAPTER FOR CRYPTO UNDER CHANGED LEADERSHIP
• DISCLAIMER
• WRITER’S INTRO

CONTENT

Analysis of major financial institutions’ crypto market predictions following Trump’s election victory, with Bitcoin price forecasts reaching $200,000 by 2025 and insights on regulatory changes ahead.

The US presidential election results have emerged earlier this week. Although not all votes have been counted, based on the current tallies, Trump has successfully won swing states including Georgia, Pennsylvania, and North Carolina, making history as a US president who returns to the White House non-consecutively.

Trump’s victory can be considered positive for the crypto market. This is because Trump has repeatedly promised during his campaign events that if elected, he would adopt a more open and friendly attitude toward crypto assets, aspiring to become the ‘Bitcoin President.’

Additionally, during this campaign, Musk has been openly supporting Trump’s return to the White House on X. As everyone knows, Musk plays a pivotal role in promoting cryptocurrencies. If he gains an important position after Trump returns to the White House, it would be more beneficial than detrimental to the crypto market.

So, after the election, what are various traditional financial institutions’ predictions for Bitcoin and the crypto market?

Below, we’ll compile current financial institutions’ predictions for the crypto market from year-end to 2025 for readers’ reference.

1. STANDARD CHARTERED BANK

Standard Chartered has made quite optimistic predictions about Trump’s victory and its impact on Bitcoin. In Wednesday’s briefing, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that after Trump’s return to the White House, Bitcoin is expected to reach $125,000 by the end of 2024 and $200,000 by the end of 2025, representing nearly a 1.6-fold increase.

Actually, Kendrick made similar predictions in October, stating that if Republicans won Congress, Bitcoin would likely reach $125,000 by year-end.

Kendrick also mentioned that Bitcoin could break $80,000 within one to two weeks after the election. The prediction also outlined potential developments in the crypto market, including Trump administration’s policies (overturning Biden administration’s SEC accounting rule SAB 121 rejection), economic stimulus policies, and new stablecoin policies.

2. BERNSTEIN

Wall Street investment firm Bernstein is also optimistic about Bitcoin’s trajectory.

Analyst Gautam Chhugani believes that if Trump becomes president, Bitcoin could rise to $80,000-90,000, while if Harris wins, it might drop to $50,000 in the short term.

Interestingly, Chhugan believes that in the long term, the election results won’t make a difference for Bitcoin – regardless of who wins, Bitcoin will reach $200,000 by the end of 2025.

Chhugan attributes Bitcoin’s price increase to factors including increased investor demand for BTC spot ETFs and rising US Treasury yields.

3. JPMORGAN CHASE

JPMorgan Chase showed optimism toward the 2025 cryptocurrency market in their October alternative investment outlook report.

The report also mentioned Trump’s victory’s impact, with JPMorgan analysts highlighting two key factors: first, Trump’s supportive stance on cryptocurrency regulation; second, Trump’s potential tariff policies and expansionary fiscal measures would further drive hedging demand.

Additionally, the report mentioned several positive factors beyond the US election:

• Traditional financial institutions like Morgan Stanley opening Bitcoin ETF recommendations
• Completion of Mt. Gox and Genesis bankruptcy liquidation
• FTX bankruptcy compensation expected to be paid by year-end or early next year, with these funds potentially re-entering the crypto market

4. BITWISE

Bitwise’s Chief Investment Officer, Matt Hougan, presented three key factors supporting his bullish view on Bitcoin in October, naturally including the US election.

• US Election Effect: From a political perspective, Hougan believes that whether it’s crypto-friendly Trump or neutral Harris who wins, it will bring either positive or at least neutral impact for Bitcoin.

• Waiting Capital Entry Timing: In this analysis, Hougan revealed that many major investors haven’t entered the market yet, waiting for political and regulatory environments to become clearer. However, if Bitcoin continues to rise and approaches $70,000, it might trigger a self-fulfilling prophecy effect, accelerating these funds’ entry. He stated: “Investors realize cryptocurrency won’t disappear and is moving toward institutionalization, but they think they can wait. If this upward trend continues, people will realize they need to get on this train.”

• ETF Long-term Impact: Hougan specially emphasized Bitcoin spot ETF’s long-term potential. Bitcoin spot ETF achieving $20 billion inflow in its first year is considered a major success, similar to gold ETF’s development trajectory, still in early stages. Latest data shows Bitcoin ETF’s Assets Under Management (AUM) has reached over 52% of gold ETF’s in less than a year since listing.

Regarding price, Hougan predicts Bitcoin will set new historical highs by end of 2024, potentially reaching $200,000 in 2025.

Beyond Bitcoin, Hougan is also optimistic about Ethereum. He believes although currently undervalued due to rising competitive chains, Ethereum still leads in DeFi, stablecoins, and tokenization applications. With regulatory and technical progress, Ethereum is also expected to reach new highs in 2025.

LOOKING AHEAD: A NEW CHAPTER FOR CRYPTO UNDER CHANGED LEADERSHIP

Overall, these four financial institutions are highly confident about Bitcoin and the overall crypto market trajectory after Trump’s election.

Particularly regarding regulations and Bitcoin spot ETF, if Trump can fulfill his campaign promises to provide a more open crypto environment, it would definitely provide significant support for the overall market environment.

Although the election just ended and it will take some time before Trump officially returns to the White House, investors are already anticipating what positive measures he could provide for the crypto market in the future.