Digital asset investment manager Bitwise is unveiling its predictions for cryptocurrencies and the industry in 2025.
Starting with Solana (SOL), Bitwise’s head of research Ryan Rasmussen says the asset manager is predicting that the Ethereum (ETH) rival will skyrocket by 250% and hit a price of $750 this year.
Solana is trading at $214 at time of writing, around 18% below the all-time high price of $263 reached in November of 2024.
On Bitcoin (BTC), Bitwise predicts that the crypto king will surge by 106% from the current level to reach a price of $200,000 in 2025. Ethereum, according to Bitwise, will rally by around 99% from the current level to hit a price of $7,000 this year.
Bitcoin is trading at $96,940 at time of writing while Ethereum is worth $3,521.
Turning to US spot Bitcoin exchange-traded funds (ETFs), Rasmussen says Bitwise expects the inflows in 2025 to surpass last year’s figures. The cumulative total net inflows into the US spot Bitcoin ETFs as of January 3rd amounted to approximately $35.66 billion.
Rasmussen also says that Bitwise is predicting that the number of countries holding Bitcoin in their reserves will double in 2025. Some of the countries that currently hold Bitcoin reserves include El Salvador. The Central American country holds over $588.95 million in Bitcoin as of January 3rd.
The Bitwise head of research also cites the crypto asset manager’s bonus prediction that is projected to materialize further into the future.
“In 2029, Bitcoin will overtake the $18 trillion gold market and trade above $1 million.”
Bitcoin has a market cap of approximately $1.917 trillion at time of writing.
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Mark Emem
https://dailyhodl.com/2025/01/04/bitwise-unveils-crypto-predictions-for-2025-says-one-top-10-altcoin-set-to-explode-250-this-year/
2025-01-04 21:00:28
