CoinVoice has learned that Steno Research recently released a report stating that its bullish forecast for BTC and ETH prices reflects an "unprecedented favorable regulatory environment for cryptocurrencies, a supportive macroeconomic environment characterized by declining interest rates and improved liquidity, as well as historically strong performance following Bitcoin's halving." It also mentioned that "in addition, institutional adoption is expected to reach unprecedented levels, and significant capital inflows into U.S. Bitcoin and Ethereum ETFs further drive this trend." Steno expects net inflows for BTC and ETH ETFs to reach $48 billion and $28.5 billion respectively by 2025.
Additionally, the report states that by 2025, the DApp TVL is expected to exceed $300 billion, far surpassing the approximately $180 billion peak in 2021.
Previously, it was learned that Steno Research stated in a report last Sunday that Bitcoin's price is expected to rise from around $94,000 to a minimum of $150,000 next year, while ETH's price will more than double from $3,400 to at least $8,000. Specifically, the ETH/BTC exchange rate is projected to increase from the current 0.0357 to 0.06 within the next 12 months, similar to the price trends of previous cycles, with altcoins becoming the focus of attention. [Original link]
