Asset management firm Bitwise has issued ten highly optimistic predictions for the crypto market in 2025.
Among these, Bitcoin is expected to reach $200,000 by the end of next year, and companies holding significant crypto investments could see substantial stock market growth.
Bitwise Predicts 2025 to Be the Golden Year for Crypto
The firm anticipates record highs for Bitcoin, Ethereum, and Solana. While Bitcoin and Solana recently hit new peaks, Ethereum has lagged.
However, Ethereum’s total value locked (TVL) has climbed to its highest since 2022, signaling the potential for a rebound. For Solana, it’s an easier consideration, as meme coin activity on the network has consecutively created several bullish cycles for SOL this year.
“The media wants to portray crypto’s political efforts in a negative light. It’s actually how democracy works. If you face what you think is inappropriate regulation, you’re only possible responses are the one listed above,” wrote Matt Hougan, CIO of Bitwise.
Bitwise also projects that Coinbase will join the S&P 500, and MicroStrategy will enter the Nasdaq-100. These developments would significantly increase crypto exposure for US investors. These predictions have already started to materialize.
Bloomberg ETF analysts expect MicroStrategy to be added to the Nasdaq-100 by December 23, with announcements expected this week.
“MSTR is likely to be added to $QQQ on 12/23 (w/ announcement coming 12/13). Moderna likely to get boot (symbolic). S&P 500 add next year probably. Again this is our best estimate of what will go down. We don’t work at Nasdaq,” ETF Analyst Eric Balchunas wrote on X (formerly Twitter).
This is based on the fact that MicroStrategy’s stock price has increased by nearly 450% YTD. Also, Bitcoin’s $100,000 milestone has propelled the company into the top 100 public US firms.
Also, Bitwise foresees a doubling in the number of countries holding Bitcoin in their reserves. These projects are not far-fetched. As BeInCrypto reported earlier, Russian lawmakers are already proposing a national Bitcoin reserve. Canada’s Vancouver is exploring a similar initiative.
Meanwhile, in the US, there’s strong optimism for a Bitcoin reserve, as Trump promised during his election campaign. The report also predicts a sharp increase in stablecoin market assets, potentially reaching $400 billion, supported by anticipated US legislation.
Earlier today, Ripple had the green light from NY regulators to launch its RLUSD stablecoin, which could indicate massive growth for the US stablecoin market.
Overall, it’s evident that Bitwise’s predictions are seemingly aligned with the current industry activities. So, it won’t be a major surprise if all of these estimates become a reality in 2025.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Source link
Mohammad Shahid
https://beincrypto.com/bitwise-predicts-bitcoin-200k-crypto-market-2025/
2024-12-11 00:18:00