Standard Chartered’s Geoff Kendrick has forecasted that Solana’s price could increase fivefold by the end of 2025 if Donald Trump wins the U.S. presidential election. Kendrick also predicts that, in the same scenario, Ethereum (ETH) could rise fourfold, and Bitcoin (BTC) could triple in value from their current prices.
“In rough terms from today’s prices under Trump I predict the following multiples by year-end 2025: Solana 5X, Ethereum 4X, Bitcoin 3X,” said Kendrick, who serves as the Global Head of Digital Assets Research at Standard Chartered, in a Tuesday note. He suggested that a Trump administration might be more favorable to the Solana ecosystem compared to a Kamala Harris administration.
Kendrick stated that if Kamala Harris were to become president, he expects Bitcoin to outperform Ethereum, which, in turn, would outperform Solana. “In U.S. dollar terms, we anticipate Ethereum reaching the $7,000 level by the end of 2025 in a scenario where Kamala Harris is president,” he said. Regardless of the election outcome on November 5, Kendrick envisions Bitcoin rising to $200,000 by the end of 2025.
He also mentioned that the introduction of a Solana exchange-traded fund (ETF) would be more likely under a Trump presidency, which could further boost Solana’s valuation. Kendrick emphasized that the market is currently pricing in a very optimistic growth outlook for Solana, with expectations of a 100 to 400 times increase in throughput.
To achieve his valuation forecast for Solana, Kendrick pointed out that the network’s throughput must significantly increase. He highlighted the importance of Firedancer, a third-party validator client software designed to boost Solana’s transaction speed to one million transactions per second. Additionally, Solana would need to establish dominance across various sectors, including finance, consumer services, and decentralized physical infrastructure (DePIN), which typically require high throughput.