The cryptocurrency market will see widespread adoption and significant changes by 2025, Leeor Shimron, a Senior Contributor at Forbes, stated in a report titled '7 Predictions for Cryptocurrency by 2025: Bitcoin, ETFs, and Global Adoption.' As the former president's return to the U.S. presidency approaches, cryptocurrency investors are awaiting the major changes that this billionaire has promised in his campaign speeches.
In the report, Shimron's first prediction is that along with the former president's administration's proposal to establish a Strategic Bitcoin Reserve (SBR), a large nation in the G7 or BRICS group will also announce its own form of SBR. The implementation of SBR in any of the world's leading economies will create 'a new era in the management of sovereign assets,' Shimron added.
The report highlights that by 2024, stablecoins will reach an all-time high of $200 billion in circulating supply, and Shimron expects this value to exceed the massive $400 billion mark by 2025. With the launch of Ripple's RLUSD and the increasing use of stablecoins for cross-border payments, this sector is expected to see even broader adoption.
By 2025, Bitcoin DeFi will take over the cryptocurrency space with Layer 2 networks like Stacks, BOB, Babylon, CoreDAO, and other networks becoming increasingly popular. These networks will provide additional utility for BTC. Additionally, when discussing cryptocurrency-focused exchange-traded funds, Shimron expects Solana (SOL) and other altcoin ETF funds to launch in the United States in 2025.
Forbes's report also predicts that one of the leading companies in the United States (excluding Tesla, which already holds BTC on its balance sheet) may allocate part of their funds to buy Bitcoin. Apple, Microsoft, Google, Amazon, Nvidia, Tesla, and Meta together hold a total of $600 billion in reserve cash and could easily initiate their own BTC buying spree.
The cryptocurrency market capitalization could reach $8 trillion.
At the time this article was written, the total market capitalization of the digital asset sector reached a massive $3.3 trillion, but Shimron predicts that the total value of the cryptocurrency market will surpass $8 trillion by 2025, with stablecoins, DeFi, NFTs, memecoins, GameFi, SocialFi, and Bitcoin witnessing significant traction.
Moreover, the United States is expected to return as the world's cryptocurrency powerhouse under the new administration. Companies that left the U.S. under Joe Biden's strict administration due to the SEC's 'regulation by enforcement' approach are expected to return.
DYOR! #Write2Win #Write&Earn $BTC