Bitwise predicted that Bitcoin will reach $200,000 in 2025, doubling the value of stablecoins and setting new highs in the crypto market.
The year 2024 has been a historic year for the crypto market, with the huge success of spot Bitcoin exchange-traded funds (ETFs), positive developments in crypto regulation in the US, and bullish price action. However, according to Bitwise Asset Management, 2025 could take this success even further.
The report, written by Bitwise’s chief investment officer Matt Hougan and head of research Ryan Rasmussen, included 10 important predictions for 2025. The first of these predictions is that all major cryptocurrencies will reach new highs.
They said Bitcoin would hit $200,000, Ethereum would reach $7,000, and Solana would more than triple its value to $750.
Stating that the rise in Bitcoin prices will be supported by ETF investments that surpass the success in 2024, Bitwise said that investors will show more interest in Bitcoin as major financial institutions complete their reviews on the products.
It was also emphasized that if the US Department of Labor adopts a friendlier stance towards the crypto sector, it is possible that tens of billions of dollars could flow into the sector from 401(k) retirement plans.
It is predicted that stablecoins could increase their market value to $400 billion with clear legal regulations and fintech integrations. With Wall Street’s interest, the value of tokenized real assets is expected to exceed $50 billion.
Stay tuned