In a recent statement that has sent ripples through the cryptocurrency community, Bitwise has laid out a highly optimistic vision for the crypto market. Emphasizing that 2024 was a pivotal year, the company anticipates that 2025 will usher in unprecedented growth and the dawn of a new golden era for digital currencies.
Crypto: The Real Winner!
The year 2024 marked a monumental period for cryptocurrency, with Bitcoin surging to a record-breaking high of $103,992. This was largely driven by the historic launch of spot Bitcoin ETFs in the United States. Other major cryptocurrencies also experienced remarkable gains. Solana’s value skyrocketed by 127.71%, XRP witnessed an impressive rise of 285.23%, and Ethereum grew by 75.77%. The crypto equity markets were not left behind, with MicroStrategy and Coinbase shares soaring by 525.39% and 97.57%, respectively.
Moreover, the 2024 U.S. elections proved to be a turning point for crypto, as it emerged as a clear winner, leading to a more favorable regulatory environment in the country. With global economic stimuli anticipated from China and other major central banks, coupled with increasing institutional adoption and rapid advancements in blockchain technology, the stage is set for an even brighter 2025.
BTC, ETH, SOL To Hit New ATHs
Bitwise has shared ten bold predictions for the upcoming year, complemented by an additional bonus prediction. The first of these forecasts is that Bitcoin, Ethereum, and Solana will reach new all-time highs. Bitcoin is projected to trade above $200,000, with Ethereum and Solana expected to hit $7,000 and $750, respectively. The firm also predicts that Bitcoin ETFs will attract significantly higher investment flows in 2025 compared to 2024. Furthermore, Coinbase, a leading cryptocurrency exchange, is anticipated to see its stock price soar to $700 per share.
The Year Of IPOs!
Bitwise’s predictions extend to the realm of initial public offerings (IPOs), with expectations that at least five crypto unicorns will go public in the United States. The potential candidates for these IPOs include Circle, Figure, Kraken, Anchorage Digital, and Chainalysis. Additionally, Bitwise foresees a surge in memecoin mania, led by tokens launched by AI agents.
Remarkably, the firm predicts that the number of nations holding Bitcoin will double. Currently, nine countries, spearheaded by the United States, have Bitcoin holdings. This number is expected to increase significantly in 2025. Bitwise also forecasts that Coinbase will surpass Charles Schwab to become the most valuable brokerage globally, with its stock exceeding $700 per share.
Bitcoin To Overtake Gold?
In another groundbreaking prediction, Bitwise envisions a scenario where the U.S. Department of Labor eases its restrictions on including crypto assets in 401(k) plans, potentially unlocking billions of dollars for the crypto market. The firm also anticipates the stablecoin market doubling to over $400 billion, spurred by the passage of long-awaited stablecoin legislation in the U.S. With Wall Street’s increasing embrace of cryptocurrency, the tokenized real-world assets (RWA) market is projected to reach $50 billion.
Finally, in a striking bonus prediction, Bitwise has boldly forecasted that by 2029, Bitcoin will surpass the $18 trillion gold market, trading above $1 million per Bitcoin. This reflects a paradigm shift in how digital assets are perceived and their potential to revolutionize the financial landscape.
