Share this article
Bitcoin Could Benefit From a Trump Win and U.S. Fiscal Dominance: Standard Chartered
A Trump election victory could be positive for crypto as his administration would likely push for a more supportive regulatory environment, the report said.
By Will Canny
Updated May 7, 2024, 8:35 p.m. Published May 7, 2024, 3:06 p.m.
- Investors may seek out alternative assets like crypto due to the risk of U.S. fiscal dominance and the monetization of government debt, the report said.
- Standard Chartered said a Trump election win could be positive for digital assets.
- The bank reiterated its year-end bitcoin price target of $150,000 and $200,00 for the end of 2025.
The risk of U.S. fiscal dominance with the monetization of government debt by the Federal Reserve is growing, and such a scenario should be supportive for cryptocurrencies as investors seek out alternative assets, investment bank Standard Chartered said in a research report on Tuesday.
Donald Trump could also be a boon for cryptocurrencies. “We think that a second Trump administration would be broadly positive via a more supportive regulatory environment,” the report said. “In a scenario of U.S. fiscal dominance, we think bitcoin would provide a good hedge against de-dollarization and declining confidence in the U.S. Treasury market,” analyst Geoff Kendrick wrote.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
U.S. fiscal dominance would likely have three effects on the U.S Treasury curve: “a steeper nominal 2 year/10 year curve, a greater increase in breakevens than real yields, and an increase in term premium” Kendrick said, adding that the bitcoin price has a positive correlation with all three of these potential developments.
If Trump were to win the election a second administration could accelerate the withdrawal of foreign official U.S. Treasury buyers due to fiscal concerns, the bank said, noting that in his first term average annual net selling of U.S. government debt was $207 billion a year versus only $55 billion under Biden’s presidency.
“In addition to the passive boost to BTC from de-dollarization, we would expect a second Trump administration to be actively supportive of BTC (and digital assets more broadly) via looser regulation and the approval of U.S. spot ETFs,” the report added. Standard Chartered reiterated its bitcoin end of year target of $150,000 and $200,000 for year-end 2025.
Read more: Can Crypto Dethrone U.S. Dollar Dominance? Here is Morgan Stanley’s Take
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DAWN raises $13M to expand decentralized broadband networks
The decentralized wireless protocol plans U.S. expansion and new international deployments as investors back a user-owned alternative to legacy internet providers.
What to know:
- DAWN raised $13 million in a Series B led by Polychain Capital.
- The protocol enables individuals and organizations to own and monetize wireless broadband infrastructure.
- New funding will support U.S. growth and international rollouts.
Top Stories
